EPIC Energy Ltd: Allots 7,33,332 Equity Shares on Warrant Conversion
FUNDRAISE
▲ Positive Development
LOW RISK
📅 Filed on BSE: 15 Jun 2026, 06:04 PM IST · BSE ID: d2376c74-46cb-4689-82e9-d82e8bfaed4a
View Original BSE Filing (PDF)
💡
In Simple Terms
The company converted some investor warrants into new shares, raising Rs. 2.75 Crore.
🤖 AI Summary
- EPIC Energy Ltd allotted 7,33,332 equity shares upon conversion of warrants.
- Warrant holders paid Rs. 2,75,00,000/- for the conversion of their holdings.
- The allotment includes shares for promoters Nikhil Champaklal Morsawala and Veena Nikhil Morsawala.
- Total warrants allotted were 38,00,000 on March 24, 2026; 7,33,332 converted.
🔢 Key Numbers — exact figures from BSE filing, not rounded
Number of Equity Shares allotted
7,33,332
Total consideration received
Rs. 2,75,00,000/-
Face value per share
Rs. 10/-
Issue price per share
50/-
Total warrants allotted on March 24, 2026
38,00,000
Number of Warrants Outstanding for Conversion
30,66,668
🏢 How This Affects the Company
This event increases the company's equity base by converting warrants, potentially providing capital for future operations or expansion.
Receipt of Rs. 2,75,00,000/- strengthens the company's cash position and increases its issued share capital. Equity dilution occurs for existing shareholders.
👥 What This Means For Shareholders
✅
Action Required
No action is required from shareholders in response to this allotment.
👤
Who Is Affected
All shareholders are affected by the issuance of 7,33,332 new equity shares, which increases the total number of shares outstanding.
🔍
Management Signal
Management is executing on its prior preferential allotment strategy by converting warrants into equity.
For information only. Not investment advice. ForgeUp is not SEBI-registered.
👁 Watch List — track these upcoming events
Future intimation on conversion of remaining 30,66,668 warrants.
Company's financial results post-allotment of new equity shares.
Use of funds raised from warrant conversion.
LOW RISK
Routine follow-through on a previously announced preferential allotment.
💡 Investor Takeaway
EPIC Energy Ltd converted 7,33,332 warrants into equity, receiving Rs. 2,75,00,000/-. The new shares rank pari passu with existing ones.
⚖️ Strengths & Concerns
✅ Positives
- Completion of warrant conversion strengthens cash reserves by Rs. 2,75,00,000/-.
- Allotment of 7,33,332 equity shares expands the shareholder base and capital structure.
⚠️ Concerns
- Equity dilution for existing shareholders resulting from the issuance of 7,33,332 new shares.
- Total of 30,66,668 warrants remain outstanding for future conversion.
❓ Frequently Asked Questions
How many equity shares did EPIC Energy Ltd allot upon warrant conversion?
EPIC Energy Ltd allotted 7,33,332 equity shares upon conversion of warrants on June 15, 2026.
How much money did EPIC Energy Ltd receive from warrant conversions?
EPIC Energy Ltd received Rs. 2,75,00,000/- from warrant holders for the conversion of 7,33,332 warrants.
Who were some of the allottees of equity shares upon warrant conversion?
Promoter allottees include Nikhil Champaklal Morsawala (2,00,000 shares) and Veena Nikhil Morsawala (2,00,000 shares).
What was the issue price for the equity shares allotted on conversion?
The equity shares were allotted at an issue price of Rs. 50/- each (including a premium of Rs. 40/- each).
How many warrants are still outstanding for conversion at EPIC Energy Ltd?
There are 30,66,668 warrants outstanding for conversion at EPIC Energy Ltd.
Questions based on this BSE filing only. For information purposes.