TARMAT LTD. - Board Meeting Outcome for 'Conversion Of 2500000 Warrants Into Equal Number 2500000 Of Equity Shares Of The Company'

Please refer to our communiqu?? dated 24th April, 2024, with respect to allotment of warrants, in terms of Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we wish to inform you that the Board of Directors of the Company in their meeting held today i.e. Wednesday, July 17, 2024, inter-alia, considered and approved the allotment of equity shares on conversion of 2500000 warrants into 2500000 equity shares at an issue price of Rs. 95/- each (including a premium of Rs. 85/- each), to 'Non-Promoters/Public Category', on preferential basis, upon receipt of balance amount aggregating to Rs. 17,81,25,000/- (Rupees Seventeen Crore Eighty One Lakh and Twenty Five Thousand Only) at the rate of Rs. 71.25 (Rupees Seventy-One and Twenty-Five Paise only) per warrant (being 75% of the issue price per warrant......