Back-to-Back 74 Upper Circuit: This Candy Making Company Allots 2.9 Lakh Equity Shares to Promoter on Warrant Conversion, Paid-Up Capital Rises to Rs 21.84 Crore

DSIJ Intelligence-2 / 28 Sep 2025/ Categories: Mindshare, Multibaggers, Trending

Back-to-Back 74 Upper Circuit: This Candy Making Company Allots 2.9 Lakh Equity Shares to Promoter on Warrant Conversion, Paid-Up Capital Rises to Rs 21.84 Crore

From its 52-week low of Rs 20.90, the stock has delivered a return of 457 per cent.

Sampre Nutritions Limited announced that its Board of Directors has approved the allotment of 2,90,000 equity shares following the conversion of warrants issued on a preferential basis. The allotment was made to promoter Meera Gurbani, who converted all 2,90,000 warrants she held.

The conversion was finalised in a board meeting held at 3:45 P.M. (IST). The issuance had earlier received shareholder approval through a special resolution on December 8, 2023. The warrants were originally allotted on November 13, 2024. With this conversion, all 8,40,000 warrants issued on that date stand converted, leaving none outstanding. Prior conversions accounted for 5,50,000 warrants as of September 12, 2025.

As per details, 2,90,000 equity shares with a face value of Rs 10 each were allotted at an issue price of Rs 60.50 per share. The company received the final 75 per cent of the payment amounting to Rs 45.375 per warrant for this tranche. The total funds raised from the conversion stood at Rs 1,31,58,750 (about USD 1,57,500).

Following this allotment, the company’s paid-up equity share capital increased from Rs 21,55,68,550 (21,556,855 equity shares) to Rs 21,84,68,550 (21,846,855 equity shares). The newly allotted shares will carry equal rights with the existing shares.

Meera Gurbani’s shareholding rose from 5,30,762 shares to 8,20,762 shares after the allotment. However, due to the increase in total share capital, her ownership now stands at 3.76 per cent of the company’s current paid-up equity capital.

Sampre Nutrition's share price is locked in the 2 per cent upper circuit on Friday. The stock price has witnessed a record-breaking streak of hitting 74 upper circuits. From its 52-week low of Rs 20.90, the stock has delivered a return of 457 per cent. The stock price hit 74 consecutive upper circuits.

Disclaimer: The article is for informational purposes only and not investment advice.