Cranex Capital Structure Change
Cranex Ltd received BSE trading approval for 14.5 lakh equity shares. These shares were issued via preferential allotment following warrant conversion.
- Value
- ₹148.5 Cr
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Cranex Ltd received BSE trading approval for 14.5 lakh equity shares. These shares were issued via preferential allotment following warrant conversion.
Securocrop Securities India Pvt Ltd and PAC Sangeeta Pareek acquired 4,90,000 equity shares (7.46% stake) in Cranex Limited upon the conversion of warrants on April 24, 2026. This conversion increases the target company's paid-up equity capital to Rs. 8.02 Crore. The transaction represents a significant stake increase by the non-promoter group.
Cranex Ltd has allotted 4,90,000 equity shares following the conversion of warrants by Sangeeta Pareekh and Securocrop Securities India Private Limited. This conversion increases the company's paid-up equity capital from Rs. 6.57 Crore to Rs. 8.02 Crore, representing a significant capital structure update.
Cranex Ltd allotted 14,50,000 equity shares worth ₹11.09 Crore upon conversion of warrants at ₹102 per share. Consequently, the company's paid-up capital increased to ₹8.02 Crore. Additionally, 7,60,000 warrants were forfeited due to non-exercise within the 18-month conversion period.