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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.
Shri Gang Industries & Allied Products Ltd

Shri Gang Industries Allots 2.69 Lakh Equity Shares on Warrant Conversion

FUNDRAISE ▲ Positive Development LOW RISK
📅 Filed on BSE: 23 Oct 2026, 05:07 PM IST  ·  BSE ID: 1da1ad13-cd67-4221-86b6-62ae1d4af6cd
View Original BSE Filing (PDF)
💡
In Simple Terms
The company issued new shares to a promoter after they converted warrants, raising over Rs. 2.66 Crore and increasing its total capital.
🤖 AI Summary
  • Allotment of 2,69,360 equity shares approved upon conversion of fully convertible warrants.
  • Varun Gupta, a Promoter & Promoter Group member, received the shares.
  • Total funds raised from this conversion amount to Rs. 2,66,66,640.
  • Company's paid-up equity share capital increased to Rs. 21,50,84,150.
🔢 Key Numbers — exact figures from BSE filing, not rounded
Equity Shares Allotted
2,69,360
Face Value per Share
₹ 10/-
Issue Price per Warrant
₹ 99/-
Total Funds Raised
₹ 2,66,66,640
New Paid-up Equity Share Capital
₹ 21,50,84,150
Total Equity Shares Outstanding
2,15,08,415
🏢 How This Affects the Company
💰
Financial Impact
The company's paid-up equity share capital has increased by Rs. 2,66,66,640 to Rs. 21,50,84,150, strengthening its equity base.
👥 What This Means For Shareholders
✅
Action Required
No action is required from shareholders regarding this allotment.
👤
Who Is Affected
Existing shareholders' proportionate ownership might slightly decrease due to the increase in total shares outstanding.
🔍
Management Signal
Management is utilizing existing capital-raising instruments (warrants) to strengthen the company's financial position.

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

👁 Watch List — track these upcoming events
Company's Q3 FY27 results for operational performance.
Updates on how the raised capital is being utilized.
Subsequent financial filings for any further capital changes.
LOW RISK Routine equity issuance via warrant conversion with no new debt or significant operational changes.
💡 Investor Takeaway
Shri Gang Industries allotted 2,69,360 equity shares to Promoter Varun Gupta upon conversion of warrants, raising Rs. 2,66,66,640. Paid-up capital is now Rs. 21,50,84,150.
⚖️ Strengths & Concerns

✅ Positives

  • Raises Rs. 2,66,66,640 in funds via promoter warrant conversion, enhancing equity base.
  • Increases paid-up capital to Rs. 21,50,84,150, reflecting growth in shareholder funds.
📅 Company Track Record
This follows previous issuances in March 2026 and June 2026 involving conversion of CCPS and warrants, demonstrating a pattern of capital raising.

Based on publicly available historical data. For context only.

❓ Frequently Asked Questions
How many equity shares did Shri Gang Industries allot?
The company allotted 2,69,360 equity shares pursuant to the conversion of fully convertible warrants.
Who was the allottee of these equity shares?
The shares were allotted to Varun Gupta, who belongs to the Promoter & Promoter Group category.
What is the total amount raised from this warrant conversion?
The conversion of 2,69,360 warrants raised a total of ₹ 2,66,66,640.
How has the company's paid-up capital changed?
The paid-up equity share capital increased to ₹ 21,50,84,150 post this allotment.

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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