CRANES SOFTWARE INTERNATIONAL LTD. - Receipt Of In-Principle Approval And Undetaking From The Allottees

The Company as on 28th May 2024 has recieved the in-principle approval pertaining to the issue of 3,41,90,375 equity shares of Rs 2/- each at a price not less than Rs 4.57 each to non-promoter and 4,00,00,000 convertible equity warrants of Rs 2/- each at a price not less than Rs 4.57/- each to promoter on a preferential basis. In this regard, the Company do hereby attach the undertaking recieved from both the allottees confirming that they shall not do any intra- day trading in the scrip or any sale in the scrip of the Company till the allotment date of the security as required under the SEBI (ICDR) Regulations.