Speciality Retail Stock Raises Rs 18.7 Cr After Declaring 3rd Interim Dividend For FY26

Following the Board of Directors' approval at a meeting on March 9, 2026, Bhatia Communications & Retail (India) Limited announced the conversion of 1.05 crore warrants into equity shares. 1,05,00,000 equity shares having a face value of Re 1 each were issued at an issue price of Rs 23.75 per share, which includes a premium of Rs 22.75 per share, as a consequence of the conversion, which was completed by a preferential allotment.

After the warrant holders paid the company the remaining 75% of the issue price per warrant, or Rs 17.8125 per warrant, the conversion concluded. For this conversion, investors paid the organization a total of Rs 18.70 crore. Investors paid 25% of the issue price (Rs 5.9375 per warrant) up front when the warrants were initially released on September 11, 2024, with the remaining amount due at the time of conversion.

A set of designated non-promoter investors and members of the promoter group received the equity shares. Hema Sanjeev Bhatia and Garima Nikhil Bhatia, who each exchanged 25 lakh warrants into an equivalent number of equity shares, and Forbes EMF, which converted 50 lakh warrants, are among the major recipients. Furthermore, Rahul Rajkumar Chawla and Pankajkumar Kishorkumar Ahuja each converted 2.5 lakh warrants into equity shares. These investors now own a stake in the company ranging from 0.18% to 3.55% after the conversion.

As a result of the conversion, the issued and paid-up share capital of the company has increased to Rs 14.06 crore, comprising 14,06,52,000 equity shares of Re 1 each. The newly issued shares will rank pari-passu with the existing equity shares, meaning they will carry the same rights and privileges as the existing shares. With this allotment, the company confirmed that all outstanding 1.05 crore warrants have now been fully converted into equity shares, and no warrants remain pending for conversion.

According to a regulatory filing from Bhatia Communications, the Board of Directors has announced a third interim dividend of Re. 0.01/- (1%) per equity share with a face value of Rs. 1/- to the shareholders for the fiscal year 2025-2026. The Board of Directors authorized the company's designation of February 20, 2026, as the record date for determining which members are entitled to receive the third interim dividend during a board meeting on February 13, 2026.

As of March 10, 2026, the share price for Bhatia Communications & Retail (India) Ltd on the BSE is Rs 21.70. The stock opened the session at Rs 21.71, reaching an intraday high of Rs 22.10 before retreating to a daily low of Rs 21.60. The current price reflects a decrease from the previous closing price of Rs 21.94 recorded on March 9, 2026. Bhatia Communications currently holds a market capitalisation of Rs 285 Cr. Over the past year, the stock has experienced significant volatility, fluctuating between a 52-week high of Rs 33.60 and a 52-week low of Rs 19.50.