Embassy Developments Limited (EMBDL) has allotted 1,65,90,441 fully paid-up equity shares of face value ₹2 each on June 02, 2025.
The allotment is pursuant to the conversion of 1,65,90,441 unlisted warrants by Micro Labs Limited, originally issued on May 21, 2024, at an issue price of ₹111.51 per share (including a premium of ₹109.51).
The company received a balance consideration of ₹138,75,00,056.93, representing 75% of the issue price for the exercised warrants.
The equity shares issued rank pari passu with existing equity shares of the company.
Following the allotment, the paid-up equity share capital of the company has increased to ₹2,73,16,96,926 divided into 1,36,58,48,463 equity shares.
Micro Labs Limited now holds 1,79,35,612 shares, representing 1.31% of the outstanding paid-up share capital, compared to 13,45,171 shares (0.10%) pre-allotment.