Windsor Machines boosts equity capital through warrant conversion

The latest announcement is out from Windsor Machines Limited ( (IN:WINDMACHIN) ).

Windsor Machines Limited has approved the conversion of 700,000 equity warrants into an equal number of equity shares, issued at ₹191.85 each on a preferential basis to promoter group member Rameshbhai Keshubhai Siyani. The transaction, involving receipt of ₹10.07 crore as 75% of the issue price, reflects continued promoter participation in the company’s capital structure.

Following the conversion, the company’s issued, subscribed and paid-up equity share capital has risen from ₹17.56 crore to ₹17.70 crore, with the total number of fully paid shares increasing to 88,522,201. The newly issued shares will rank pari passu with existing equity and are set to be listed on both BSE and NSE upon receipt of necessary listing approvals, marginally enhancing the company’s equity base and market float.

More about Windsor Machines Limited

Windsor Machines Limited is an India-based industrial manufacturer, operating from Ahmedabad with a plant in Rajkot, Gujarat. The company is listed on BSE and NSE and is engaged in the production of capital goods and machinery, serving industrial customers through its range of engineered solutions and equipment.

Average Trading Volume: 3,708

Technical Sentiment Signal: Hold

Current Market Cap: 19.8B INR

Learn more about WINDMACHIN stock on TipRanks’ Stock Analysis page.