💡 Promoter converts warrants, infusing ₹2.6 crore into company at premium.
What Happened
The Board of Directors of Destiny Logistics & Infra Limited has approved the conversion of 10,54,500 warrants into an equal number of equity shares. The conversion was executed by promoter Jugal Kishore Bhagat, who paid ₹2,60,98,875 (75% of the issue price) to convert the warrants. The issue price per warrant was ₹33, consisting of a ₹10 face value and a ₹23 premium.
Key Details
- Company: Destiny Logistics & Infra Limited
- Event Type: Fundraise
- Filing Date: 13-Apr-2026 12:11:35
- NSE Filing: View Document
Why It Matters
This transaction represents a significant capital infusion of approximately ₹2.6 crore from a promoter into the company. The conversion of warrants at a premium indicates promoter confidence and provides the company with fresh equity capital. This capital can be used to strengthen the balance sheet, fund operations, or support expansion plans. Following this conversion, the company's paid-up equity share capital has increased to ₹22.42 crore. Notably, warrants held by the promoter group are now fully converted, while warrants held by public allottees remain pending.
Disclaimer: This is publicly available information sourced from NSE. Not investment advice.
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