Venmax Drugs Converts 28 Lakh Warrants into Equity Shares

Venmax Drugs and Pharmaceuticals Limited allotted 28,00,000 equity shares of Rs 10 face value at Rs 20 each (Rs 10 premium) to two non-promoter warrant holders following conversion exercise.

Jugal Kishore Bhagat received 13,00,000 shares from equal warrants held; Pushpa Bhaju received 15,00,000 shares. Balance exercise price of Rs 15 per warrant (75% of Rs 20 total) generated Rs 4.20 crore proceeds.

Capital Expansion

Paid-up capital rises to Rs 11.58 crore comprising 1,15,82,930 equity shares. Follows original March 20, 2025 warrant allotment; 36,81,000 warrants remain outstanding from total 1,00,25,000 issued.

Shares of Venmax Drugs and Pharmaceuticals Limited was last trading in BSE at Rs. 24.99 as compared to the previous close of Rs. 24.85. The total number of shares traded during the day was 19 in over 5 trades.

The stock hit an intraday high of Rs. 25.99 and intraday low of 22.37. The net turnover during the day was Rs. 471.00.

Source : Equity Bulls

Keywords

VenmaxDrugsandPharmaceuticals INE154G01022 SharesAllotment WarrantsConversion