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📋 Filing Types Available on ForgeUp Filings Sourced from BSE corporate announcements (equity segment). Companies covered are BSE-listed and most are also listed on NSE. We show only material filings.
Financial Results Orders Dividend Buyback Merger / Acquisition Board Meeting Outcome Fundraise (QIP / Rights / FPO) Regulatory / Court Order Credit Rating Change Promoter Pledge Update Management Change Joint Venture / MOU Delisting Bonus Shares Stock Split
Data sourced from BSE India corporate announcements. More categories will be added over time.
Future Market Networks Ltd

Future Market Networks Converts Warrants for Rs. 3.49 Crore

FUNDRAISE ▲ Positive Development LOW RISK
📅 Filed on BSE: 13 Jun 2026, 06:14 PM IST  ·  BSE ID: 37976854-02e5-42e3-9ce1-a25eab7fe700
View Original BSE Filing (PDF)
💡
In Simple Terms
The company converted some warrants into new shares, bringing in Rs. 3.49 crore from a promoter group entity.
🤖 AI Summary
  • Future Market Networks converted 3,118,574 warrants into equity shares.
  • Surplus Finvest Private Limited, a promoter group entity, was the allottee.
  • The conversion raised Rs. 3,49,59,215 for the company.
  • Each warrant was converted at Rs. 11.21 per equity share.
🔢 Key Numbers — exact figures from BSE filing, not rounded
Number of Equity Shares Allotted
31,18,574
Face Value per Equity Share
Rs. 10/-
Premium per Equity Share
Rs. 1.21/-
Conversion Price per Equity Share
Rs. 11.21/-
Total Consideration Received
Rs. 3,49,59,215/-
Warrants Allotted to Promoter Group
95,00,000
Warrants Held Before Conversion
65,00,000
Warrants Applied for Conversion
31,18,574
Remaining Warrants Pending Conversion
33,81,426
🏢 How This Affects the Company
💰
Financial Impact
This conversion increases the company's equity share capital and raises cash proceeds, strengthening its financial position. It also reduces the number of outstanding warrants.
⚠️
Risk Impact
The conversion reduces the number of outstanding warrants, thereby eliminating the future obligation to issue shares at the warrant conversion price.
👥 What This Means For Shareholders
✅
Action Required
No action is required from shareholders regarding this warrant conversion.
👤
Who Is Affected
Existing shareholders will see an increase in the total number of outstanding equity shares by 3,118,574.
🔍
Management Signal
This action signals management's success in completing a previously approved preferential allotment and raising capital from a promoter group entity.

For information only. Not investment advice. ForgeUp is not SEBI-registered.

👁 Watch List — track these upcoming events
Update on remaining warrant conversions by Surplus Finvest.
Company's subsequent financial results post-capital infusion.
Progress on the utilization of funds raised from warrant conversion.
LOW RISK Routine capital raise via warrant conversion; no new material risks introduced.
💡 Investor Takeaway
Future Market Networks Ltd. converted 3,118,574 warrants into equity shares for Surplus Finvest Private Limited, raising Rs. 3,49,59,215 at Rs. 11.21 per share.
⚖️ Strengths & Concerns

✅ Positives

  • Conversion of warrants by promoter group entity Surplus Finvest Private Limited raises Rs. 3,49,59,215.
  • 31,18,574 equity shares issued at a conversion price of Rs. 11.21 per share.
📅 Company Track Record
Previously, on March 27, 2026, Future Market Networks had allotted 3,000,000 equity shares upon conversion of warrants for Rs. 3,36,30,000, with 6,500,000 warrants still pending conversion at that time.

Based on publicly available historical data. For context only.

❓ Frequently Asked Questions
What is the total number of equity shares allotted by Future Market Networks?
Future Market Networks allotted 31,18,574 equity shares upon conversion of warrants.
Who is the allottee of these equity shares?
The shares were allotted to Surplus Finvest Private Limited, a promoter group entity.
What is the conversion price per equity share?
Each warrant was converted into one equity share at a conversion price of Rs. 11.21/- per equity share.
How much capital was raised by Future Market Networks from this conversion?
The conversion of warrants raised Rs. 3,49,59,215/- for Future Market Networks.
How many warrants are still pending conversion?
After this conversion, 33,81,426 warrants remain pending for conversion.

Questions based on this BSE filing only. For information purposes.

⚠️ For Information Only — Not Investment Advice
ForgeUp Filings provides AI-generated summaries of public BSE exchange announcements (equity segment) for informational purposes only. Nothing here constitutes investment advice or a recommendation to buy, sell, or hold any security. ForgeUp is not a SEBI-registered investment advisor. All financial numbers are sourced directly from BSE filings and shown as-is. Past data is historical only. Please consult a qualified financial advisor before making investment decisions. Data sourced from BSE India public disclosures.
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