Almondz gets exchange nod for ₹13.3 cr preferential warrant issue
The non-promoter warrant issuance at ₹16.58 per share follows the withdrawal of a larger loan conversion plan and could bring new investors.
— 1 earlier story on Almondz Global Securities Ltd. →What's new
- In-principle approval from BSE and NSE for 80 lakh warrants at ₹16.58 each.
- Warrants to be issued to non-promoters, raising up to ₹13.3 crore.
- Follows withdrawal of a larger loan conversion; a separate promoter warrant issue remains.
Why this matters
The exchange approval significantly reduces execution risk for this capital raise. For a nano-cap with a ₹233 cr market cap, ₹13.3 cr (5.8% of mcap) is a material infusion. The non-promoter placement could broaden the investor base, but the company's profitability has been sliding — net profit turned zero in the latest quarter.
What we're watching
- Timeline for warrant conversion and new investor names.
- Dilution impact on earnings per share post-conversion.
- Any further capital plans after this raise.
The full read
Almondz Global Securities has cleared a key procedural hurdle for its ₹13.3 crore preferential warrant issue, receiving in-principle approval from both BSE and NSE. The company will issue 80 lakh warrants at ₹16.58 each to non-promoters, a move that follows the withdrawal of a larger loan conversion proposal. For a nano-cap with a ₹233 crore market cap, the ₹13.3 crore infusion is material, roughly 5.8% of equity. The exchange nod reduces execution risk and could bring in new investors. Yet the company's financials tell a less cheering story: revenue was ₹72 crore in the March quarter, but net profit was zero. The dilution from full conversion would add 80 lakh shares, modest but still a drag per share. It's an open question.
Questions answered
- What is the exercise price and how many warrants are being issued?
- The company plans to issue 80 lakh warrants at a floor price of ₹16.58 each, raising up to ₹13.3 crore.
- To whom are the warrants being issued?
- The warrants are being issued to non-promoters on a preferential basis, potentially bringing in new investors.
- Why did Almondz withdraw the earlier loan conversion proposal?
- The filing does not give a reason, but the current warrant issue is a separate, smaller initiative that has now received exchange approvals.
- How does this affect existing shareholders?
- The warrants, if converted, will increase the share count by 80 lakh shares, diluting existing holdings by about 5.8% based on current market cap.
- What is Almondz's financial health?
- For the quarter ended March 2026, sales were ₹72 crore but net profit was zero. Trailing PAT is down 92%, and ROE is 7.2%.
- Is this a positive or negative development?
- On balance, it's constructive — the capital infusion is material and reduces risk — but it comes against a backdrop of weak profitability.
Almondz Global Securities Ltd.
Latest quarter · Mar 2026
Leverage & growth
Story so far
All notes on ALMONDZ →- 22 Jun 2026 · 11:28 AM IST Almondz gets exchange nod for ₹13.3 cr preferential warrant issue
- 31d ago Almondz Global Securities revenue climbs 34%, but profit slips