Manaksia Coated Metals Shocks Market: 7.55 Lakh Shares Allotted Through Warrant Conversion, Boosting Paid-Up Capital to ₹9.97 Crore

Kolkata | June 6, 2025 – Manaksia Coated Metals & Industries Ltd (BSE: 539046, NSE: MANAKCOAT) announced on Thursday the allotment of 7,55,000 equity shares of face value Re. 1 each following the conversion of warrants previously issued on a preferential basis.

This allotment increases the company’s paid-up share capital to ₹9.96 crore, the company revealed in an exchange filing. The shares were issued at ₹65 per share, including a premium of ₹64, to two non-promoter entities: Sharda Subhashchandra Bhat and Shamina Trading L.L.C.-FZ.

The allotment is part of the final tranche payment of ₹3.68 crore, constituting 75% of the total issue price of the warrants.

Breakdown of Allotment

Name of Allottee	Shares Allotted	Amount Received (₹)	Warrants Pending
Sharda Subhashchandra Bhat	4,95,000	2,41,31,250	15,05,000
Shamina Trading L.L.C.–FZ	2,60,000	1,26,75,000	0
Total	7,55,000	3,68,06,250	15,05,000

The warrants were initially issued on January 30, 2025, with an upfront payment of ₹16.25 per warrant (25% of the issue price). The balance amount of ₹48.75 per warrant was paid by the allottees during the conversion.

Equity Capital Structure Post-Allotment

Following the allotment, the total issued and paid-up equity capital of the company has increased to:

• ₹9,96,79,050, comprising
• 9,96,79,050 equity shares of face value Re. 1 each

The newly allotted shares will rank pari-passu (on equal footing) with existing equity shares in all respects, including voting rights and dividend eligibility.

Shareholding Shift After Conversion

Allottee	Pre-Allotment Holding	Shares Allotted	Post-Allotment Holding	% of Total Equity
Sharda Subhashchandra Bhat	1,00,000	4,95,000	5,95,000	0.60%
Shamina Trading L.L.C.–FZ	12,40,000	2,60,000	15,00,000	1.50%
Total	13,40,000	7,55,000	20,95,000	2.10%

89.55 Lakh Warrants Still Convertible

According to the filing, 89,55,000 warrants are still outstanding and eligible for conversion into equity shares within the prescribed 6-to-18-month window from the date of allotment. This is subject to payment of the remaining 75% of the issue price.

Explainer: What Is a Warrant Conversion?

A warrant is a financial tool that allows the holder to purchase shares of a company at a predetermined price within a set period. Once the holder makes full payment, the warrants are converted into equity shares, which represent ownership in the company.

Note: This is an official update based on company disclosures to the stock exchanges and follows all SEBI-mandated reporting guidelines.

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