On April 28, 2025, Manoj Ceramic Ltd. (CIN: L51909MH2006PLC166147), a prominent player in the ceramics industry, declared the successful allotment of 10 lakh equity shares following the conversion of equity warrants into shares. This allotment follows the approval of the Board of Directors in their meeting held at the company's registered office, and it adheres to the regulations outlined in SEBI (LODR) 2015, as well as the SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018.

Details of Allotment

The conversion involved 10 lakh equity shares of face value ₹10 each, issued at an issue price of ₹161, including a premium of ₹151 per share. The warrant holders were required to pay 75% of the issue price as a subscription amount, amounting to ₹120.75 per warrant. The shares were allotted to three non-promoter investors:

1. Mansukh Dudabhai Satra (HUF) – 2,50,000 shares

2. Janil Mansukh Satra – 2,50,000 shares

3. Mansukh Duda Satra – 5,00,000 shares

The total amount received from the conversion of warrants stood at ₹12.07 crore.

Impact of Conversion on Share Capital

As a result of this allotment, the total issued, subscribed, and paid-up equity share capital of Manoj Ceramic Ltd. has now increased to ₹14.90 crore, comprising 1,49,07,000 fully paid-up equity shares. These newly allotted equity shares rank pari-passu with the existing equity shares in the market.

The company had previously obtained in-principle approval from the Bombay Stock Exchange (BSE) for the warrant conversion, which was granted on December 6, 2024. With this final allotment, all warrants have been converted, and no further warrants are pending for conversion.

The Board's Decision

The board meeting, which took place on April 28, 2025, discussed and approved the conversion process, including all necessary regulatory filings and approvals. The meeting started at 3:00 PM and concluded by 3:45 PM. In accordance with the SEBI Circular No. SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024, the company has submitted the requisite details about the allotment to the stock exchange.

Regulatory Compliance

This conversion of warrants was carried out in compliance with the provisions of Chapter V of the SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018. The preferential issue, which was approved by the shareholders on November 14, 2024, has now been executed and the shares allotted as planned.

Investor Information

This allotment will also provide important updates to existing and potential investors, particularly concerning the equity distribution. The company's commitment to growth and capital expansion is evident, with the added funds supporting its operational plans. The shareholding distribution post-allotment reflects the following breakdown:

• Mansukh Dudabhai Satra (HUF) will hold 1.67%

• Janil Mansukh Satra will hold 1.67%

• Mansukh Duda Satra will hold 3.35%

Conclusion

Manoj Ceramic Ltd. continues to strengthen its financial structure and meet the demands of an evolving market with this strategic conversion and allotment of equity shares. Investors are encouraged to stay informed about further developments, as the company looks to leverage its growing capital for future expansion and market presence.

The Upcoming IPOs in this week and coming weeks are Arunaya Organics,Kenrik Industries,Wagons Learning,Srigee DLM.

The Current active IPO are Ather Energy, Iware Supplychain Services.

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.