Windsor Machines converts warrants, boosts equity share capital

Windsor Machines Limited has successfully converted 2,606,203 equity warrants into an equal number of equity shares, issued at a price of ₹191.85 each, including a premium of ₹189.85. This conversion, approved by the board of directors on October 7, 2025, involved the receipt of ₹37,50,00,034.16 from the allottee, representing 75% of the issue price per warrant at ₹143.88. The shares were allotted to Rameshbhai Keshubhai Siyani, a member of the promoter group.

This move has increased the company's issued, subscribed, and paid-up equity share capital from ₹16,89,56,636 (8,44,78,318 shares of ₹2 each) to ₹17,41,69,042 (8,70,84,521 shares of ₹2 each). The new equity shares will rank pari-passu with existing equity shares and will be listed on both BSE Limited and the National Stock Exchange of India Limited upon receiving listing approval.

Prior to this conversion, Rameshbhai Keshubhai Siyani held 26,06,202 shares, representing 3.09% of the total paid-up capital. Following the conversion, his shareholding has increased to 52,12,405 shares, now accounting for 5.98% of the total paid-up capital.