RIR Power Electronics allots shares to Multitude Growth Funds

RIR Power Electronics Limited announced on September 12, 2025, the allotment of 2,835,150 equity shares, each valued at Rs.2, to Multitude Growth Funds Limited (formerly AG Dynamic Funds Limited). This allotment resulted from the conversion of 283,515 warrants, each initially valued at Rs.10, after accounting for a bonus share entitlement and a 5:1 stock split.

The conversion generated a total subscription amount of Rs.181,803,993.75 from Multitude Growth Funds. Following this transaction, Multitude Growth Funds Limited's stake in RIR Power Electronics increased to 7.55% of the post-issue shareholding, up from 4.14% of pre-issue capital.

Consequently, the company's paid-up Equity Share Capital has risen to Rs.159,144,800, representing 79,572,400 equity shares of Rs.2 each. The new shares will rank pari-passu with existing equity shares and will be listed on the BSE Ltd.