Sunita Tools converts warrants, expands equity capital

Sunita Tools Limited's board of directors approved the allotment of 47,385 equity shares on October 30, 2025, following the conversion of an equal number of warrants. These shares were issued at a price of INR 325 each, inclusive of a premium of INR 315 per share. The allotment was made to "Promoter group and Public Category" on a preferential basis, with the company receiving a balance payment of INR 1,15,50,093.75 from allottees, representing 75% of the issue price per warrant.

This conversion follows the initial warrant issuance at INR 325 per warrant, with an initial payment of INR 81.25 (25% of the issue price) and the remaining 75% payable within 18 months of allotment. The conversion has led to an increase in the company's paid-up equity capital from INR 6,23,30,760 (comprising 6,233,076 equity shares of INR 10 each) to INR 6,28,04,610 (comprising 6,280,461 equity shares of INR 10 each).

The newly allotted equity shares will rank pari-passu with the existing shares. As of October 30, 2025, there are no outstanding warrants. The company had previously received in-principle approval from BSE Limited on June 20, 2024.