EPIC Energy Ltd Allots 4,00,000 Equity Shares on Warrant Conversion
FUNDRAISE
▲ Positive Development
LOW RISK
📅 Filed on BSE: 22 Oct 2026, 12:10 PM IST · BSE ID: ebaf6046-b770-439c-bba0-05bc4a81b0a2
View Original BSE Filing (PDF)
💡
In Simple Terms
EPIC Energy Ltd issued new shares to warrant holders who paid the remaining amount, raising funds for the company.
🤖 AI Summary
- EPIC Energy Ltd allots 4,00,000 equity shares upon conversion of warrants.
- Rs. 1,50,00,000 balance consideration received from warrant holders.
- Soleos Solar Energy Private Limited converted 4,00,000 warrants.
- Allotted shares are of face value Rs. 10 each at an issue price of Rs. 50.
🔢 Key Numbers — exact figures from BSE filing, not rounded
Number of Equity Shares Allotted
4,00,000
Face Value per Share
Rs. 10/-
Issue Price per Share
50/-
Balance Consideration Received
Rs.1,50,00,000/-
Total Warrants Allotted on March 24, 2026
38,00,000
Total Warrants Outstanding for Conversion
24,68,668
🏢 How This Affects the Company
The company has received Rs. 1,50,00,000 in balance consideration for warrant conversion, strengthening its cash position. The allotment of 4,00,000 equity shares increases the issued share capital.
👥 What This Means For Shareholders
✅
Action Required
No action is required from existing shareholders regarding this allotment.
👤
Who Is Affected
Shareholders will experience a dilution in their percentage ownership due to the issuance of 4,00,000 new equity shares.
🔍
Management Signal
The management is actively utilizing preferential allotment mechanisms to raise capital and strengthen the company's financial footing.
For information only. Not investment advice. ForgeUp is not SEBI-registered.
👁 Watch List — track these upcoming events
Subsequent warrant conversions and fund utilization by EPIC Energy.
Future financial results disclosure by EPIC Energy.
Any further announcements regarding capital raising activities.
LOW RISK
Routine capital raising event through established regulatory framework.
💡 Investor Takeaway
EPIC Energy Ltd allotted 4,00,000 equity shares, receiving Rs. 1,50,00,000 in balance consideration. Shares were issued at Rs. 50 each, comprising Rs. 10 face value and Rs. 40 premium.
⚖️ Strengths & Concerns
✅ Positives
- Receipt of Rs. 1,50,00,000 from warrant holders strengthens the company's cash reserves.
- Successful conversion of 4,00,000 warrants into equity shares confirms commitment from investors.
❓ Frequently Asked Questions
What is the total number of equity shares allotted by EPIC Energy Ltd on October 22, 2026?
EPIC Energy Ltd allotted 4,00,000 equity shares upon conversion of warrants on October 22, 2026.
How much balance consideration did EPIC Energy Ltd receive for warrant conversion?
The company received Rs. 1,50,00,000/- as balance consideration from warrant holders.
What is the issue price for the equity shares allotted by EPIC Energy Ltd?
The equity shares were allotted at an issue price of Rs. 50/- each, including a premium of Rs. 40/-.
Which entity converted warrants into equity shares for EPIC Energy Ltd?
Soleos Solar Energy Private Limited converted 4,00,000 warrants into 4,00,000 equity shares.
What was the total number of warrants originally allotted on March 24, 2026?
A total of 38,00,000 convertible warrants were allotted on March 24, 2026.
Questions based on this BSE filing only. For information purposes.