Arihant Foundations Allots 6.52 Lakh Shares via Warrant Conversion

Arihant Foundations allotted 651,873 equity shares at ₹480 each upon full conversion of warrants after receiving the balance 75% payment.
The allotment increases the company's paid-up equity capital from ₹10.21 crore to ₹10.86 crore, resulting in significant capital infusion.
Allottees include promoter Vimal Lunawath (170,000 shares) and six non-promoter entities, with Lotus Family Trust receiving the largest non-promoter allocation.
This preferential allotment, approved by the board, was disclosed under SEBI LODR Regulation 30 and ranks the new shares pari-passu with existing equity.