Speciality Retail company approves allotment of 50 lakh convertible warrants – Check Details here

The board has approved the allotment of equity shares on conversion of 50,00,000 warrants, each equivalent to an equity share of face value of Re 1, at an issue price of Rs 23.75.

Shares of the small-cap stock Bhatia Communications & Retail (India) Limited surged over 5 per cent in intra-day trading on Wednesday, October 1, 2025. This significant jump was fueled by the company’s announcement that its board has approved the allotment of equity shares on conversion of 50,00,000 warrants. The stock, which opened flat at Rs 29.74 on the BSE, later soared 5.71 per cent to reach a high of Rs 31.44. As of the last update, it was trading at Rs 29.89, marking a gain of 0.50 per cent from the previous close. The stock has been on an upward trajectory for the past two days, with a 5.6 per cent increase in the period.

From a technical perspective, the stock is performing well as it is trading higher than the 5-day, 20-day, 50-day, 100-day and 200-day moving averages. This indicates a strong upward momentum in the stock’s price.

Allotment of 50,00,000 Convertible Warrants

The company’s strategic decisions are reflected in its recent actions. The board has approved the allotment of equity shares on conversion of 50,00,000 warrants, each equivalent to an equity share of face value of Re 1, at an issue price of Rs 23.75.

“Allotment of 50,00,000 Equity Shares of face value of Re. 1/- each at an issue price of Rs. 23.75/- each (including a premium of Rs. 22.75/- per share) upon conversion for equal number of Warrants at an issue price of Rs. 23.75/- each upon receipt of balance amount at the rate of Rs. 17.8125/- (being 75% of the issue price per warrant) aggregating to Rs. 8,90,62,500/-,” the filing reads.

Consequent to today’s conversation of warrants/allotment of equity shares, the issued and paid-up capital of the company stands increased to Rs 13,01,52,000. This is the total amount of capital that the company has received from shareholders in exchange for shares, and it now consists of 13,01,52,000 equity shares of Re 1 each.