Srestha Finvest warrant conversion: 11.75 crore shares in 2026

What the board approved in Chennai

Srestha Finvest Limited, headquartered in Chennai (Madras), approved a fresh equity allotment following the conversion of convertible warrants. In a board meeting held on April 13, 2026, the company considered and approved the allotment of 11,75,00,000 equity shares. Each share carries a face value of Re.1 and was issued at a premium of ₹0.05 per share. The company disclosed that the allotment was made pursuant to the conversion of an equal number of warrants into equity shares.

The conversion price was ₹1.05 per share, which includes the ₹0.05 premium on the Re.1 face value. The shares were allotted on a preferential basis under SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018. The disclosure also references compliance under Regulation 30 read with Schedule III of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Timing and procedural disclosures

According to the company’s communication, the board meeting commenced at 10:30 AM and concluded at 11:45 PM on April 13, 2026. The agenda included approving the allotment of equity shares arising from warrant conversion. The company also stated that the new equity shares are being issued upon conversion or exchange of warrants.

In its regulatory filing, the company described the conversion as coming from warrants that had been issued and allotted earlier on February 18, 2025. The April 2026 conversion is a partial exercise out of that original issuance.

The warrant issue this conversion comes from

Srestha Finvest said the conversion is out of a total 85,30,00,000 fully convertible equity warrants issued and allotted on February 18, 2025. Each warrant is convertible into or exchangeable for one fully paid-up equity share of face value Re.1. The issue price for the warrants was set at ₹1.05 per warrant, including a premium of ₹0.05.

The company disclosed that the total amount aggregating from the full conversion of the 85,30,00,000 warrants works out to ₹89.57 crore. It also disclosed that it had received ₹22.39 crore as upfront payment (25%) from the Non-Promoter Group for the preferential warrant allotment.

Separately, the article text also references an in-principle approval from BSE Limited for issuance of 93 crore warrants convertible into an equivalent number of equity shares at a price not less than ₹1.05 each, via letter dated February 3, 2025 (LOD/PREF/MV/FIP/1776/2024-25), subject to regulatory compliance and separate final listing approval.

Who converted warrants and what they received

The April 2026 conversion involved three allottees. The company stated that, out of the total 15 allottees in the original warrant issue, these three allottees (covered under the Non-Promoter Group as per its annexure) deposited the balance consideration and exercised conversion rights.

The balance consideration deposited for the conversion aggregated to ₹9.25 crore. Following the conversion, the three allottees together held a combined post-issue stake of 6.69% in Srestha Finvest, based on the post-issue stake percentages provided for each allottee.

Allotment details: issue price, premium and quantity

The company allotted 11,75,00,000 equity shares at an issue price of ₹1.05 each. The premium component was ₹0.05 per share and the face value was Re.1 per share. The allotment count and pricing were reiterated across the disclosure and the tabular summary included in the article text.

Key parameters (as disclosed)

Allottee-wise conversion and post-issue stake

The article provides allottee-wise details of original warrants, converted warrants (equal to shares allotted), and post-issue stake. Sneha Bhandari received the largest portion of the converted shares, followed by Oswal Industries Limited and Sunil Bhandari.

What remains pending from the original warrant issuance

After this partial conversion, Srestha Finvest disclosed that 73,55,00,000 warrants remain pending for conversion out of the original 85,30,00,000 warrants issued in February 2025. The remaining 12 allottees from the original issue have not yet exercised their conversion rights.

The article text names some of the remaining allottees that have not yet converted, including Financial World India Private Limited and Mayoga Investments Limited, along with other corporate and individual investors.

Market and capital structure relevance

The disclosed transaction increases the company’s equity base by 11.75 crore shares through a non-cash instrument conversion where the holders pay the balance consideration at the time of conversion. The company’s filing notes that the conversion price is ₹1.05 per share, and it specifically disclosed the aggregate balance consideration received in this round as ₹9.25 crore.

From a shareholder perspective, the key datapoints in the filing are the dilution created by new shares issued and the disclosed post-issue stakes for the three converting allottees. The filing also establishes that a significant portion of the original warrant pool remains unconverted, with 73.55 crore warrants still pending.

Conclusion

Srestha Finvest’s April 13, 2026 board approval formalised the allotment of 11.75 crore equity shares at ₹1.05 per share following the conversion of an equal number of warrants. The conversion is a partial exercise of the February 18, 2025 warrant issuance, with 73.55 crore warrants still pending for future conversion, as disclosed by the company.