Investors had converted 60,000 warrants but were given 10 shares on conversion, on an adjusted basis post its stock split in 1:10 ratio in October 2023.
BCL Industries finally settled at Rs 66.90 for the day, up 4 per cent from its previous close, commanding a total market capitalization of close to Rs 1,700 crore.
Shares of BCL Industries surged more than 11 per cent to Rs 79.14, its new 52-week high, commanding a total market capitalization of close to Rs 2,000 crore.
Shares of BCL Industries surged another 5 per cent to Rs 62.39 on Tuesday, hitting its new 52-week high, with a total market capitalization of more than Rs 1,550 crore.
BCL Industries' subsidiary Svaksha Distillery has also bagged an order to supply 0.1 lakh litre of ethanol to Reliance Industries Ltd with an order value of Rs 6.73 crore