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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.

Kranti Industries Ltd

Kranti Industries: 2,50,000 convertible warrants lapsed, ₹50 Lakh forfeited

FUNDRAISE ● No Immediate Change LOW RISK

📅 Filed on BSE: 23 Apr 2026, 12:54 PM IST · BSE ID: 282b3507-2f7e-4e1e-9441-9d2991647e74

View Original BSE Filing (PDF)

💡

In Simple Terms

A warrant holder decided not to convert their remaining warrants into shares by the deadline, so the company keeps the advance payment they had already received.

🤖 AI Summary

Evolution Capital warrant holder allowed 2,50,000 convertible warrants to expire on April 22, 2026
Of 15,00,000 warrants originally allotted at ₹80/- per warrant, only 12,50,000 were converted
Company forfeits ₹50,00,000/- in upfront payment collected at warrant allotment in October 2024
18-month conversion window closed; no change to company's capital structure from lapsed warrants
Board approval for forfeiture pending at ensuing meeting

🔢 Key Numbers - exact figures from BSE filing, not rounded

Warrants lapsed by Evolution Capital

2,50,000

Warrants converted by Evolution Capital

12,50,000

Total warrants originally allotted to Evolution Capital

15,00,000

Amount forfeited

₹50,00,000/-

Upfront amount received at allotment

₹3,00,00,000/-

Warrant issue price per warrant

₹80/-

Warrant allotment date

October 23, 2024

Warrant tenure

18 months

🏢 How This Affects the Company

💰

Financial Impact

Company retains ₹50,00,000/- (Rupees Fifty Lakh only) in forfeited upfront payment from warrant allotment. No equity dilution occurs from the 2,50,000 lapsed warrants.

👥 What This Means For Shareholders

✅

Action Required

No action required. This is a completed event disclosure.

👤

Who Is Affected

Existing shareholders see no dilution from lapsed 2,50,000 warrants. Evolution Capital shareholders lose uncovered warrant positions and forfeited upfront capital of ₹50,00,000/-.

🔍

Management Signal

Board is completing formalities of warrant lapse and forfeiture per SEBI regulations; partial warrant exercise success demonstrates selective uptake of capital raise instrument.

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

👁 Watch List - track these upcoming events

Board meeting approval of forfeiture in ensuing meeting — check for Reg 30 outcome disclosure

Check if remaining allottee(s) of 1,00,000 warrants exercise conversion before tenure expiry

Monitor capital structure or shareholding pattern filing for any formal updates post-Board approval

LOW RISK Warrant lapse is routine, non-dilutive event. Forfeiture is contractually mandated per SEBI Reg 169(3). No operational or financial distress signaled.

💡 Investor Takeaway

Evolution Capital allowed 2,50,000 convertible warrants to lapse post 18-month tenure. Company forfeits ₹50,00,000/- upfront payment. Of 15,00,000 total warrants allotted, 12,50,000 converted; 2,50,000 expired unused.

⚖️ Strengths & Concerns

✅ Positives

₹50,00,000/- forfeiture amount is retained as non-dilutive cash gain for the company
12,50,000 warrant conversions completed; partial success in capital raise objective achieved

⚠️ Concerns

16.67% of total warrants allotted (2,50,000 of 15,00,000) were not converted by holder
Indicates warrant pricing at ₹80/- may not have fully incentivized conversion by all allottees

📑 More from Kranti Industries Ltd

Kranti Industries Board Meeting to Approve Q2 FY27 Financial Results

RESULTS · 06 Nov 2026

Kranti Industries Ltd Boards Approval for Working Capital Loan

BOARD · 13 Jun 2026

Kranti Industries: Board Forfeits ₹50 Lakh Application Money from Warrants

BOARD · 08 May 2026

Kranti Industries divests 15.22% stake in Preciso Metall subsidiary

BOARD · 25 Mar 2026

Kranti Industries plans disinvestment of Preciso Metall subsidiary stake

BOARD · 21 Mar 2026

All BSE filings we have analysed for Kranti Industries Ltd.

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⚠️ 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.