06-Nov-2026 10:41:51
WINDMACHIN : TO ISSUE WARRANTS WORTH OVER RS 188 CR
• Board approved up to 62,50,000 fully convertible warrants at ₹301 each, aggregating up to ₹188.13 Cr on preferential allotment/private placement basis • 25% of warrant issue price payable upfront on subscription; balance 75% payable on exercise of warrants • Warrants convertible into equal number of ₹2 face value equity shares within 18 months; unconverted warrants lapse and upfront consideration stands forfeited • Allottees are non-promoter investors: S Gupta Family Enterprises (50 lakh warrants, ₹150.50 Cr) and Kitara PIIN 2601 (12.50 lakh warrants, ₹37.63 Cr) • Post full conversion, S Gupta Family Enterprises holds 4.56% and Kitara PIIN 2601 holds 1.14% on a fully diluted basis • EGM convened on December 05, 2026 for shareholder approval of the warrant issue
Windsor Machines Ltd
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