Super Crop Safe Ltd Allots 1.17 Cr Equity Shares on Preferential Basis
FUNDRAISE
▲ Positive Development
MEDIUM RISK
📅 Filed on BSE: 23 Jun 2026, 05:10 PM IST · BSE ID: 4da946c1-9da3-4515-b0b9-adced6944121
View Original BSE Filing (PDF)
💡
In Simple Terms
The company issued new shares to two investors in exchange for paying off a loan, raising funds and increasing its total shares.
🤖 AI Summary
- Super Crop Safe Ltd allots 1,17,44,722 equity shares on preferential basis.
- Issue price fixed at Rs. 13 per share for Rs. 15,26,81,386 total consideration.
- Allotment is for conversion of unsecured loan into equity to non-promoters.
- Allottees are Wherrelz IT Solutions Limited and Voltrix INC.
🔢 Key Numbers - exact figures from BSE filing, not rounded
Number of equity shares allotted
1,17,44,722
Issue price per equity share
Rs. 13/-
Total amount raised
Rs. 15,26,81,386
Post-allotment equity share capital
Rs. 10,39,18,444
Post-allotment number of equity shares
5,19,59,222
Promoter shareholding post-issue
25.05%
🏢 How This Affects the Company
The company's equity share capital increases to Rs. 10,39,18,444 from Rs. 8,04,29,000. Total funds raised aggregate Rs. 15,26,81,386 through conversion of unsecured loans.
The promoter holding percentage decreases to 25.05% from 32.36% post-allotment.
👥 What This Means For Shareholders
✅
Action Required
No action is required from existing shareholders. The shares allotted rank pari-passu with existing equity shares.
👤
Who Is Affected
All existing shareholders will experience a dilution in their percentage of ownership, with promoter holding decreasing from 32.36% to 25.05%.
🔍
Management Signal
Management is actively managing the company's capital structure by converting debt into equity and raising funds through preferential allotment.
For information only. Not investment advice. ForgeUp is not SEBI-registered.
👁 Watch List - track these upcoming events
Review of Q2 FY27 results for financial performance post-allotment.
Company announcements regarding utilization of funds raised.
Subsequent shareholding pattern disclosures.
MEDIUM RISK
Dilution of promoter holding and increased public float introduces potential volatility.
💡 Investor Takeaway
Super Crop Safe Ltd allotted 1,17,44,722 equity shares at Rs. 13 each, raising Rs. 15,26,81,386 by converting unsecured loans. Promoter holding reduced to 25.05%.
⚖️ Strengths & Concerns
✅ Positives
- Conversion of unsecured loans into equity strengthens the balance sheet by reducing debt. Total value of conversion is Rs. 15,26,81,386.
- Increased equity base to Rs. 10,39,18,444 consisting of 5,19,59,222 equity shares post-allotment.
⚠️ Concerns
- Promoter shareholding dilutes from 32.36% to 25.05% of the total equity post-allotment.
- Public shareholding increases from 67.64% to 74.95% of the total equity post-allotment.
❓ Frequently Asked Questions
How many equity shares did Super Crop Safe Ltd allot on a preferential basis?
Super Crop Safe Ltd allotted 1,17,44,722 equity shares on a preferential basis.
What is the total amount raised by Super Crop Safe Ltd from this preferential issue?
The company raised Rs. 15,26,81,386 from the preferential issue, with an issue price of Rs. 13 per share.
Who are the allottees in Super Crop Safe Ltd's preferential issue?
The allottees are Wherrelz IT Solutions Limited and Voltrix INC, classified as non-promoters.
What is the purpose of this preferential allotment for Super Crop Safe Ltd?
The allotment is for the conversion of outstanding unsecured loan into equity shares.
How does the preferential allotment affect promoter shareholding in Super Crop Safe Ltd?
Promoter shareholding decreases from 32.36% to 25.05% post the allotment of 1,17,44,722 equity shares.
Questions based on this BSE filing only. For information purposes.