Garg Furnace Ltd. Allots Warrants Worth Rs. 17.68 Crore
FUNDRAISE
▲ Positive Development
LOW RISK
📅 Filed on BSE: 12 Oct 2026, 02:22 PM IST · BSE ID: e6e7553b-aa6d-4f2c-87d8-443f6e65b5c7
View Original BSE Filing (PDF)
💡
In Simple Terms
The company is issuing warrants that can become shares, raising Rs. 17.68 Crore from individuals and companies.
🤖 AI Summary
- Garg Furnace Ltd. allots 13,98,000 warrants convertible to equity.
- Total issue price for warrants amounts to Rs. 17,68,47,000.
- Warrants issued to individuals and entities in promoter and non-promoter groups.
- 25% warrant subscription price of Rs. 31.625 per warrant received.
- Each warrant converts to one equity share of face value Rs. 10.
🔢 Key Numbers — exact figures from BSE filing, not rounded
Total Warrants Allotted
13,98,000
Issue Price Per Warrant
₹126.50/-
Total Issue Price
₹17,68,47,000/-
Warrant Subscription Price Received
₹4,42,11,750/-
Warrant Subscription Price Per Warrant
₹31.625/-
Warrant Exercise Price Per Warrant
₹94.875/-
Face Value Per Equity Share
₹10/-
🏢 How This Affects the Company
This fundraise through preferential allotment of warrants could strengthen the company's financial position, providing capital for future operational needs or expansion.
The allotment of warrants brings in immediate subscription funds of Rs. 4,42,11,750, impacting the company's cash and cash equivalents. The full issue price of Rs. 17,68,47,000 will be realized upon conversion.
The concentration of warrants to specific individuals and entities, including promoters, signifies their continued commitment and investment in the company's future.
👥 What This Means For Shareholders
✅
Action Required
No immediate action is required from existing shareholders. Monitor future conversion of warrants into equity shares.
👤
Who Is Affected
All shareholders will be affected if warrants are fully exercised, leading to an increase in the total number of equity shares outstanding.
🔍
Management Signal
The decision to issue warrants indicates management's intent to raise capital and potentially expand operations, with significant participation from promoters.
For information only. Not investment advice. ForgeUp is not SEBI-registered.
👁 Watch List — track these upcoming events
Monitor conversion of warrants into equity shares.
Review subsequent financial results for impact of capital infusion.
Check for any further announcements regarding exercise of warrants.
LOW RISK
This is a routine fund-raising event via warrant allotment, with approvals already in place.
💡 Investor Takeaway
Garg Furnace Ltd. finalized allotment of 13,98,000 warrants for Rs. 17,68,47,000 to promoters and non-promoters. Rs. 4,42,11,750 received as subscription price.
⚖️ Strengths & Concerns
✅ Positives
- Board approved allotment of 13,98,000 warrants at an issue price of Rs. 126.50 per warrant.
- Received warrant subscription price aggregating Rs. 4,42,11,750/- at Rs. 31.625/- per warrant.
📅 Company Track Record
Previously, in July 2026, Garg Furnace Ltd. had announced plans for a preferential issue of convertible warrants worth ₹17.68 Crore.
Based on publicly available historical data. For context only.
❓ Frequently Asked Questions
What is the total value of warrants Garg Furnace Ltd. has allotted?
Garg Furnace Ltd. has allotted 13,98,000 warrants with a total issue price aggregating to ₹17,68,47,000/-.
How much warrant subscription price has Garg Furnace Ltd. received?
The company has received an amount aggregating to ₹4,42,11,750/- as warrant subscription price, which is 25% of the issue price.
Who are the allottees of the warrants issued by Garg Furnace Ltd.?
The warrants are allotted to persons belonging to both promoter and non-promoter groups, including individuals like Devinder Garg and entities like Securocrop Securities India Private Limited.
What is the conversion ratio of the warrants into equity shares?
Each warrant allotted by Garg Furnace Ltd. is convertible into one fully paid-up equity share of face value of ₹10/-.
Questions based on this BSE filing only. For information purposes.