Luharuka Media & Infra Limited (LMIL) has shared the latest updates regarding its corporate actions following a Board meeting held on April 02, 2025. In a significant development, the company has approved the allotment of 8.66 crore convertible share warrants on a preferential basis to both Promoter & Promoter Group as well as Non-Promoter categories. This move is in line with the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, as well as the special resolution passed by the company’s shareholders during the Extraordinary General Meeting (EGM) held on December 11, 2024.

Details of the Warrant Allotment

The company will issue 8,66,20,000 warrants at an issue price of Rs. 4.31 per warrant. The warrants will be issued with a 25% upfront payment of Rs. 1.0775 per warrant, with the remaining 75% (Rs. 3.2325 per warrant) to be paid at the time of conversion into equity shares. The total issue size is Rs. 37.33 crore, which will contribute significantly to the company's financials.

The allottees will be allowed to exercise the conversion option within 18 months from the date of allotment. Upon exercise, each warrant will be converted into a fully paid-up equity share with a face value of Re. 1 each. Notably, the conversion of warrants is a strategic move aimed at enhancing the company's capital base and expanding its equity shareholder base.

The following individuals/entities will receive the warrants, as detailed in Annexure I of the notice:

1. Luharuka Exports Private Limited (Promoter) – 4.4 crore warrants

2. Non-Promoter entities such as Haresh Mehta, Jatin Mehta, Shivani Mehta, among others, will receive the remainder of the allotment.

The upfront payment of Rs. 9.33 crore (25% of the total consideration) has already been received from the allottees. This payment will form part of the company’s working capital for its ongoing and future projects.

Conversion of Warrants into Equity Shares

In addition to the warrant allotment, 77.3 lakh warrants have been converted into 77.3 lakh fully paid-up equity shares of Rs. 1 each. This conversion process has further bolstered the company's equity capital, increasing its paid-up capital from Rs. 18.74 crore (18.74 crore shares) to Rs. 19.51 crore (19.51 crore shares). The conversion of these warrants reflects the growing confidence in the company and its future prospects.

A total of Rs. 2.49 crore (representing the balance 75% payment of the warrant issue price) has been received from the allottees during the conversion process. This will provide the company with necessary funds for its strategic and operational needs.

Implications of the Share Issuance

The newly converted equity shares will rank pari-passu with the existing shares in all respects. These shares will be locked-in for a specified period as per the provisions of the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2018. The lock-in period ensures that the new shares will not be traded in the market for a specified duration, giving the company time to stabilize the increased capital.

Impact on Paid-up Capital and Shareholder Base

The paid-up capital of Luharuka Media & Infra Ltd has been augmented by the new shares, which will help to improve liquidity and provide a strong financial foundation for the company. The conversion of the warrants will also lead to an increase in the number of shareholders and broaden the company’s base of equity holders.

This move is part of Luharuka Media & Infra Ltd’s strategic plan to strengthen its capital structure, support business expansion, and enhance shareholder value. The preferential allotment and warrant conversion are expected to have a positive impact on the company’s stock price and overall financial health.

Future Outlook

The company remains committed to maintaining a strong financial position and delivering sustainable growth. With the successful allotment and conversion of warrants, the company is well-positioned to drive its business forward and capitalize on emerging opportunities in the market.

Luharuka Media & Infra Ltd continues to engage in strategic initiatives to expand its reach and enhance its operational capabilities. The Board of Directors remains optimistic about the future and anticipates positive outcomes from these recent corporate actions.

In conclusion, the latest developments are seen as a positive move by the company to boost its capital reserves and provide a better opportunity for long-term growth. The Board’s decision is in line with the company’s vision of strengthening its market position and offering significant returns to its shareholders.

This information is vital for investors and stakeholders, reflecting the company’s ongoing commitment to transparency and adherence to regulatory requirements. The warrant issuance and conversion into equity are key steps toward increasing the financial stability of Luharuka Media & Infra Ltd.

The Current active IPO are Infonative Solutions Limited,Spinaroo Commercial Limited,Retaggio Industries Limited.

The Closed IPOs are  Identixweb Limited, ATC Energies System Limited, Shri Ahimsa Naturals Limited.

Start your Stock Market Journey and Apply in IPO by Opening Free Demat Account in .Choice Broking FinX

Join our Trading with CA Abhay Telegram Channel for regular Stock Market Trading and Investment Calls by CA Abhay Varn - SEBI Registered Research Analyst.