Esha Media Research converts 52,50,000 warrants into equity shares
Board approves conversion of 52,50,000 convertible warrants into 52,50,000 equity shares of Rs. 10 each; paid-up capital rises to Rs. 14,05,69,300.
Key takeaways
- 52,50,000 convertible warrants have been converted into 52,50,000 equity shares.
- Wealthwave Capital Fund received 30,00,000 equity shares; Rs. 3,37,50,000 was paid.
- Parijata Trading Pvt Ltd received 22,50,000 equity shares; Rs. 2,53,12,500 was paid.
- Paid-up equity share capital rose from Rs. 8,80,69,300/- to Rs. 14,05,69,300.
- The newly allotted equity shares shall rank pari-passu with existing equity shares.
Key terms
- Action
- Other
- Terms
- 52,50,000 warrants into 52,50,000 equity shares
- Total amount received on conversion: Rs. 5,90,62,500
- Post-conversion equity shares: 1,40,56,930 of Rs. 10 each
Esha Media Research Limited has informed the exchange that its board has approved the conversion of outstanding convertible warrants into equity shares, increasing the company’s paid-up share capital.
The outcome of the board meeting is detailed in the board's outcome letter dated November 4, 2026, and the accompanying statement of unaudited financial results for the quarter and half year ended September 30, 2026.
Key terms
- Type of action: Conversion of convertible warrants into equity shares
- Number of warrants converted: 52,50,000
- Number of equity shares allotted: 52,50,000
- Face value per share: Rs. 10 each
- Allottees and amounts received (75% of issue price per warrant):
- Wealthwave Capital Fund (Non-Promoter): 30,00,000 warrants / 30,00,000 equity shares; Amount received: Rs. 3,37,50,000; warrants pending for conversion: NIL
- Parijata Trading Pvt Ltd (Non-Promoter): 22,50,000 warrants / 22,50,000 equity shares; Amount received: Rs. 2,53,12,500; warrants pending for conversion: NIL
- Total: 52,50,000 warrants / 52,50,000 equity shares; Total amount received: Rs. 5,90,62,500
- Status of converted warrants: All 52,50,000 warrants shown in the table stand converted; NIL warrants pending for conversion
- Post-conversion paid-up equity share capital: Rs. 14,05,69,300, divided into 1,40,56,930 equity shares of Rs. 10 each
- Pre-conversion paid-up equity share capital: Rs. 8,80,69,300/-, divided into 88,06,930 equity shares of Rs.10 each
- Ranking of new shares: The newly allotted equity shares shall rank pari-passu in all respects with the existing equity shares of the Company
The board’s outcome letter (items i and the subsequent paragraph) states that the conversion has been carried out "based on the request received from the warrant holders for conversion of convertible warrant into Equity and in accordance with the terms of the issue and applicable provisions of the Companies Act, 2013, SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018 and other applicable laws."
The letter further records that, consequent to this conversion, the issued, subscribed and paid-up equity share capital of Esha Media Research Limited has increased from Rs. 8,80,69,300/-, divided into 88,06,930 equity shares of Rs.10 each, to Rs. 14,05,69,300, divided into 1,40,56,930 equity shares of Rs. 10 each.
Eligibility and dates
The filing does not specify a record date or ex-date for this warrant conversion. The board’s outcome letter records that the approval for conversion was granted at the meeting held on November 04, 2026, and that the balance consideration from warrant holders, being 75% of the issue price per warrant as shown in the table under item i, has been received.
Investors who were registered holders of the convertible warrants listed in the table under item i of the board’s outcome letter, and who requested conversion and paid the balance 75% of the issue price per warrant, are the ones for whom the 52,50,000 equity shares have been allotted.
No buyback, bonus issue, stock split, rights issue or dividend declaration, and no record date for such actions, is mentioned in the outcome of the board meeting or in the statement of unaudited financial results attached to this filing.
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