Centrum Capital Allots 1.16 Crore Shares to Promoter Group

Centrum Capital Limited has allotted 1,16,87,704 equity shares at ₹28.52 per share to JBCG Advisory Services Private Limited.
This allotment results in a capital infusion of approximately ₹25 crore for the company.

Reader Takeaway: Promoter stake rises to 40.86%; while the cash infusion is positive, 3.11 crore warrants remain pending conversion.

What just happened

Centrum Capital has moved forward with its preferential warrant conversion program. The company issued 1,16,87,704 equity shares to JBCG Advisory Services Private Limited, a part of the promoter group, after receiving the balance 75% payment for the warrants. Each share was issued at a premium of ₹27.52 over the face value of ₹1.

Why this matters

This action signals the ongoing commitment of the promoter group to strengthen their equity stake in the company. The conversion process is part of a larger, previously approved capital-raising plan. By converting these warrants, the company improves its capital position, bringing its total paid-up equity share capital to ₹49,85,16,898.

Promoter Shareholding Impact

Following this latest transaction, the promoter group's total shareholding has increased to 20,37,04,800 shares, representing 40.86% of the company's equity, up from the previous 39.44%.

What to track next

The market will be watching for further conversions. Out of the total 7,01,26,225 warrants originally issued to the promoter group, 3,11,88,521 remain outstanding. Future conversions will continue to alter the equity structure and promoter control as they occur.