Marine Electricals (India) Limited
Code: MARINE | Category: Warrant
Type: Warrant
Event Details
| Announcement Date: | February 25, 2026 |
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Warrant Information
| Security Type: | Convertible_debentures |
|---|---|
| Warrants: | 2,000,000 |
| Shares: | 1,650,000 |
| Issue Price: | ₹205 per warrant |
| Conversion Price: | ₹205 per share |
| Conversion Ratio: | 1:1 |
| Total Amount: | ₹25.36875 Crores |
| Allottee Category: | Promoter/non Promoter |
| Allottees: | KDU Enterprises Private Limited, Aptrans Impex Private Limited, Bishan Narain Mittal |
| Conversion Period: | 18 months |
| Board Approval: | 2026-02-25 |
| Shareholder Approval: | 2024-08-17 |
| Pricing Basis: | Preferential allotment at Rs. 205/- per share |
Document
View PDF https://nsearchives.nseindia.com/corporate/MARINE_25022026115544_Signed_MEIL_Outcome_Stock_Exchange_Intimation_allotment.pdfDocument
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