Shree Pushkar allots warrants to promoter, strengthens insider ownership

Shree Pushkar Chemicals & Fertilisers Ltd. (SPFL) has approved the allotment of 736,196 fully convertible warrants to Gautam Gopikishan Makharia, the company's joint managing director and promoter. The board of directors greenlit this allotment on December 27, 2025, following member approval on December 10, 2025, and in-principle approvals from both BSE Limited and National Stock Exchange of India Limited.

Each warrant is convertible into one fully paid-up equity share with a face value of INR 10 at an issue price of INR 407.50. The company has received INR 7,49,99,968 as subscription, representing 25% of the consideration, aligning with SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018.

This move reinforces the promoter's stake in Shree Pushkar and is executed as per the provisions of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.