Suditi Industries Warrants Conversion Allotment 39,00,000 Shares; Shares Rise 2.51%

Mumbai, March 10: Suditi Industries Ltd approved the allotment of 39,00,000 equity shares following the conversion of promoter-category warrants after receipt of the balance exercise amount, according to a regulatory disclosure dated March 9, 2026. The stock traded at ₹80.49, up ₹1.97 or 2.51%, as of 12:26 PM IST on March 10, 2026.

Warrants Conversion And Equity Allotment

Suditi Industries Ltd informed the exchange that the board approved the conversion of 39,00,000 share warrants into an equal number of fully paid equity shares with a face value of ₹10 each.

The conversion follows earlier shareholder approval obtained through special resolutions at the Extra-Ordinary General Meeting held on January 3, 2025. Subsequently, Bombay Stock Exchange granted in-principle approval on February 7, 2025 for the preferential issuance of 1,23,00,000 convertible warrants at an issue price of ₹27.50 per warrant.

Under the structure of the issue, investors paid 25% of the warrant price at the time of subscription, with the remaining 75% payable upon exercise.

The latest conversion was triggered after warrant holders remitted the remaining ₹20.625 per warrant, representing the balance 75% of the issue price. The transaction aggregated to approximately ₹8,04,37,500 received by the company.

Two promoter category investors participated in the conversion. Harsh Pawan Agarwal converted 24,00,000 warrants, while Tanay Pawan Agarwal exercised conversion rights for 15,00,000 warrants.

The newly issued equity shares will rank pari passu with the existing equity shares of the company in all respects.

Share Price Movement

Suditi Industries share price traded higher during Tuesday’s session following the regulatory disclosure regarding the conversion of warrants into equity shares.

The stock was quoted at ₹80.49, gaining 2.51% compared with the previous close of ₹78.52, as of 12:26 PM IST on March 10, 2026.

The stock opened at ₹78.65 and touched a session high of ₹83.77 before moderating during midday trade so far. The company’s market capitalisation stood near ₹347.85 crore according to exchange data.

Company Capital Structure Update

Following the allotment of the newly issued shares, the issued and paid-up equity capital of the company increased from ₹43,21,62,910 divided into 4,32,16,291 equity shares to ₹47,11,62,910 divided into 4,71,16,291 equity shares of ₹10 each.

Out of the total 1,23,00,000 warrants originally issued on a preferential basis, 36,00,000 warrants had already been converted earlier on January 2, 2026.

After the current conversion of 39,00,000 warrants, the remaining 48,00,000 warrants are still outstanding. These can be exercised within the tenure period of 18 months from the original allotment date of February 12, 2025.

Company Background

Suditi Industries Ltd operates in the textile and apparel segment with activities spanning knitting, dyeing, processing and garment manufacturing.

The company also undertakes licensed merchandise production and retail supply for branded apparel segments. Its operations include textile processing facilities as well as apparel manufacturing units serving domestic and export markets.

The preferential warrant structure was introduced as part of the company’s capital raising strategy to strengthen its balance sheet and support operational expansion.

Conclusion

The allotment of equity shares through warrant conversion reflects continued promoter participation in the company’s capital structure. The exercise brought additional capital inflow while expanding the paid-up share base.

Remaining warrants retain conversion rights within the stipulated 18 month tenure period from the original allotment date, subject to payment of the balance exercise price as specified in the issuance terms.

Source:

• https://www.bseindia.com/xml-data/corpfiling/AttachLive/315b0d42-24fe-4f0a-a230-b674caace814.pdf
• https://www.bseindia.com/stock-share-price/suditi-industries-ltd/sudtind-b/521113/