This Multi-Branded Retailed Micro-Cap Company Completes Conversion of 1.05 Crore Warrants; Paid-up Capital Rises to Rs 14.06 Crore

On Monday, shares of Bhatia Communications & Retail (India) Ltd fell 1.48 per cent to Rs 21.94 per share from its previous closing of Rs 22.27 per share. The stock’s 52-week high is Rs 33.6 per share and its 52-week low is Rs 19.5 per share. The stock touched an Intraday high of Rs 22.16 during the session before closing lower.

Bhatia Communications & Retail (India) Ltd announced that its Board of Directors has approved the allotment of 1,05,00,000 equity shares following the conversion of an equal number of warrants. The decision was taken at a board meeting held on March 9, 2026, at the company’s registered office in Surat.

The warrant conversion marks the completion of the preferential allotment process initiated in September 2024. The warrants carried a face value of Re 1 each and were issued at a total price of Rs 23.75 per share, which included a premium of Rs 22.75 per share.

For the conversion, the company received the remaining 75 per cent of the issue price amounting to Rs 18,70,31,250. This payment corresponds to Rs 17.8125 per warrant, which complements the initial 25 per cent payment of Rs 5.9375 per warrant paid by investors at the time of the original warrant allotment on September 11, 2024. Following this transaction, the company confirmed that no warrants remain outstanding for conversion.

The newly issued shares were allotted to a mix of promoter group members and identified non-promoter investors under the public category. Among the key participants in the conversion:

• Forbes EMF received 50,00,000 shares, resulting in a post-issue stake of 3.55 per cent.

• Hema Sanjeev Bhatia was allotted 25,00,000 shares, taking the total holding to 2.65 per cent.

• Garima Nikhil Bhatia received 25,00,000 shares, giving a post-issue stake of 1.78 per cent.

• Pankajkumar Kishorkumar Ahuja and Rahul Rajkumar Chawla were each allotted 2,50,000 shares.

The company stated that the newly allotted equity shares will rank pari-passu with the existing equity shares, meaning they will carry the same rights and benefits as the currently listed shares.

Following this allotment, the issued and paid-up share capital of Bhatia Communications & Retail (India) Ltd has increased to Rs 14,06,52,000, comprising 14,06,52,000 equity shares of Re 1 each.

The board meeting lasted approximately 30 minutes and concluded at 4:30 PM, and the company has formally informed BSE Ltd about the outcome under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

The company has a market cap of over Rs 285 crore. The stock price has surged over 189 per cent in the last 5 years. The stock has also delivered around 12.51 per cent returns from its 52-week low of Rs 19.5 per share.

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