Important

Disclosure of material issue

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DC Infotech and Communication LimitedDCI · Filed with the exchange

DC Infotech issued 4 lakh equity warrants to non-promoter investors back on Aug 13, 2024. Each warrant allows them to buy one share for Rs. 235. The critical deadline for these warrant holders to convert them into shares is February 12, 2026. **The Issue:** There's a ticking clock for these warrant holders.

If they don't exercise by the deadline, they lose the right to convert their warrants into shares. **Possible Impact:** If all 4 lakh warrants are exercised, DC Infotech will receive ~Rs. 9.4 crore in fresh capital, bolstering its balance sheet.

This will also lead to the issuance of 4 lakh new shares, which implies a minor dilution for existing shareholders.

Conversely, if warrants lapse, the company misses out on this potential funding. **Company’s Action:** To ensure smooth conversion, DC Infotech has sent reminders to all warrant holders about the upcoming deadline and the implications of non-exercise.

Read the original filing(PDF)

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