Integrated Personnel Services Limited (IPSL) has announced the conversion of 2,66,800 equity warrants into fully paid-up equity shares at an issue price of Rs. 81 each. This move is in compliance with Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Board Approval and Share Allotment Details

The Board of Directors of IPSL approved this allotment through a circular resolution on 11th February 2025. The preferential allotment was made for cash consideration, with the share warrant holders paying 75% of the warrant exercise price upon conversion. The total amount received from this conversion stands at Rs. 1.62 crore.

Investor Details and Shareholding Impact

The following investors participated in the warrant-to-equity conversion process:

• Sandeep Kaur Goyal (Promoter) - 66,700 equity shares (Rs. 40.52 lakh)

• Tarang Raghuvir Goyal (Promoter) - 1,66,700 equity shares (Rs. 1.01 crore)

• Raghuvir Prasad Goyal (Promoter Group) - 33,400 equity shares (Rs. 20.29 lakh)

This conversion ensures that the promoters and promoter group continue to strengthen their stake in the company, reflecting confidence in the company’s long-term growth potential.

Preferential Allotment Under SEBI Guidelines

The conversion of warrants into equity shares aligns with SEBI’s listing regulations and was conducted in adherence to SEBI Circular No. CIR/CFD/CMD/4/2015 and SEBI Circular SEBI/HO/CFD/CFDPOD-1/P/CIR/2023/123. This ensures transparency, compliance, and fair corporate governance.

The preferential allotment route allows companies like IPSL to raise capital from existing stakeholders in a structured manner. By exercising the conversion option, the promoters reaffirm their commitment towards business expansion and future financial stability.

Financial Implications and Market Outlook

IPSL’s decision to convert equity warrants into shares comes at a time when investor interest in the Indian equity market is rising. The infusion of fresh capital will support the company’s strategic growth plans, strengthen the balance sheet, and potentially enhance shareholder value.

How This Impacts IPSL Shareholders

For existing shareholders, this move signifies:

• Increased promoter stake, ensuring alignment with long-term business objectives.

• Improved liquidity of the stock due to enhanced equity capital.

• Potential stock price impact based on investor perception and market demand.

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