Uravi Defence and Technology Limited has shared a fresh update with investors about its warrant conversion process. The company sent this information to both NSE and BSE. The update explains how many warrants turned into shares and how many expired without use.
The company said it completed the full process after the exercise period ended. This step closes an important chapter for the warrants that the board approved earlier in the year.
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Warrants turn into Shares
Uravi Defence said it converted 4 lakh warrants into equity shares. These warrant holders used their option within the allowed time. At the same time, 11 lakh warrants expired because holders did not exercise them before the deadline.
The exercise period ended on December 12, 2025. After this date, no more warrants could be used. In total, the company had issued 15 lakh warrants. Once the deadline passed, the process reached its final stage with both conversion and lapse completed.
| Outcome | Number of Warrants | Status |
|---|---|---|
| Exercised and Converted | 4,00,000 | Converted to Equity Shares |
| Lapsed | 11,00,000 | Expired Unexercised |
| Total | 15,00,000 | Process Completed |
Board approval
The Board of Directors approved the warrant allotment through a circular resolution on June 13, 2025. The company fixed the exercise period at 18 months. All steps followed the SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018.
| Parameter | Details |
|---|---|
| Total Warrants Allotted | 15,00,000 (Fifteen Lakh) |
| Exercise Period | 18 months |
| Exercise Deadline | December 12, 2025 |
| Regulatory Framework | SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018 |
Uravi Defence said it followed all rules and kept the process clear and open. The company shared updates on time with stock exchanges and investors. This helped maintain trust and proper disclosure.
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The official communication carried the signature of Kaushik Damji Gada. He serves as the Whole-time Director and CFO of the company. His DIN is 00515876. The company submitted the notice through electronic systems to both the National Stock Exchange of India Limited and BSE Limited.
Historical Stock Returns for Uravi Defence and Technology
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +0.25% | +8.17% | –22.45% | –66.70% | –60.30% | –40.87% |
