Tanvi Foods Board Approves Promoter Warrant Conversion, Allots 1.9 Lakh Shares

Tanvi Foods (India) Ltd's Board of Directors has approved the allotment of 1,90,225 equity shares to promoter Ms. Vasavi Adusumilli. This follows the conversion of her equity share warrants.

The company has received ₹1,28,40,187.50, or approximately ₹1.28 crore, which represents 75% of the total consideration for these shares. The issue price per warrant was set at ₹90, with a face value of ₹10 per share.

This allotment increases the company's total equity share capital and strengthens Ms. Adusumilli's stake. The capital inflow of ₹1.28 crore also boosts the company's available funds for operations or future growth. The transaction signals continued promoter commitment and marks a step towards the full utilization of warrants.

The number of outstanding equity shares for Tanvi Foods will rise following this allotment, increasing the promoter's shareholding percentage. The company's cash reserves grow by the amount received.

The conversion of the remaining 8,58,000 equity share warrants is still pending. This conversion is contingent upon receiving the balance payment and meeting necessary regulatory compliances.

Metrics from the May 12, 2026 board meeting approval show 1,90,225 equity shares allotted, ₹1,28,40,187.50 received for conversion, and 8,58,000 equity share warrants pending conversion.