Please refer to our communique dated April 22, 2024, w.r.t. 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, August 14, 2024, inter-alia, considered and approved the allotment of equity shares Pursuant to conversion of 2,00,00,000 (Two Crores only) warrants into 2,00,00,000 equity shares at an issue price of Rs. 25.33/- (Rupees Twenty-Five rupees and Thirty-Three Paisa) each (including a premium of Rs. 15.33/- each), to 'Non-Promoters/Public Category', on preferential basis, upon receipt of balance amount aggregating to Rs 37,99,50,000 (Rupees Thirty-Seven Crore Ninety- Nine Lakhs Fifty Thousand) at the rate of Rs. 18.9975/- per warrant (being 75% of the issue price per warrant) from the allottees pursuant to the exercise of their rights of conversion into equity shares.
|