Fratelli Vineyards Forfeits Rs. 2.72 Crore on Lapsed Warrants

Fratelli Vineyards Limited (formerly Tinna Trade Limited, BSE Scrip: 541741) informed BSE Limited about the lapse of 557,650 warrants issued on August 23, 2024.

Warrant Lapse Details

Allottees had until February 22, 2026 (18 months from allotment) to convert into equity shares. With 363,150 warrants unexercised:

Total Forfeited Upfront: Rs. 2,72,36,250.

Converted: 194,500 warrants.

Notable Forfeitures:

Puja Sekhri, Gaurav Sekhri, Aarti Sekhri, Chin Min Developers: 72,150 warrants each (Rs. 54,11,250).

Shobha Sekhri: 27,650 warrants (Rs. 20,73,750).

13 individuals (e.g., Kalpana Rana, Suchet Sundar Shetty): 3,350 warrants each (Rs. 2,51,250).

Shares of Tinna Trade Ltd was last trading in BSE at Rs. 89.31 as compared to the previous close of Rs. 87.00. The total number of shares traded during the day was 2965 in over 43 trades.

The stock hit an intraday high of Rs. 89.65 and intraday low of 86.01. The net turnover during the day was Rs. 260633.00.

Source : Equity Bulls

Keywords

FratellinVineyards INE401Z01019 LapsedWarrants