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Shivalik Rasayan Reports Ginnerup Capital Convertible Warrant Acquisition
Shivalik Rasayan is a company that reported a new investment by Ginnerup Capital ApS.
Ginnerup acquired 399,990 warrants on September 14, 2026.
A warrant is a security that can be changed into a share later.
The warrants can become the same number of Shivalik Rasayan shares.
Ginnerup already owned 506,550 shares with voting rights before the acquisition.
The company said those shares remained with Ginnerup after the acquisition.
The filing gave several percentages for the holdings, including 2.36% and 5.34% for the warrants.
The reported figures should therefore be read together with the company filing and its stated capital calculations.
Shivalik Rasayan said on September 29, 2026, that Ginnerup Capital ApS acquired 399,990 fully convertible warrants.
The warrants can convert into an equal number of Shivalik Rasayan equity shares and were acquired on September 14, 2026.
Before the acquisition, Ginnerup Capital held 506,550 voting shares, representing 3.22% of the share or voting capital.
After the acquisition, Ginnerup held 399,990 warrants and retained 506,550 voting shares, stated as 2.36% and 3.16%, respectively, of the relevant diluted or voting capital.
The filing stated that diluted share capital totaled ₹8,49,01,775, comprising 1,69,80,355 equity shares of ₹5 each, but also described the warrants as representing 5.34% of diluted capital.
- Who
- Shivalik Rasayan Limited and Ginnerup Capital ApS.
- What
- Ginnerup Capital acquired 399,990 fully convertible warrants in Shivalik Rasayan.
- Where
- The disclosure was reported from Mumbai and was based on company exchange filings.
- When
- The acquisition occurred on September 14, 2026, and was disclosed on September 29, 2026.
- Why
- The articles state that the warrants can be converted into an equal number of Shivalik Rasayan equity shares.
Key facts
- Acquirer
- Ginnerup Capital ApS
- Warrants acquired
- 399,990 fully convertible warrants
- Acquisition date
- September 14, 2026
- Pre-acquisition voting shares
- 506,550 shares, representing 3.22% of total share or voting capital
- Post-acquisition voting shares
- 506,550 shares, stated as 3.16% of total share or voting capital
- Post-acquisition warrants
- 399,990 warrants, stated as 2.36% of total diluted share or voting capital
- Diluted share capital
- ₹8,49,01,775 divided into 1,69,80,355 equity shares of ₹5 each
- Reported percentage discrepancy
- The filing describes the warrants as representing 5.34% of diluted paid-up share capital and later states 2.36% of diluted share or voting capital.
Sources
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