Cranex Limited intimates SEBI of non-exercise of conversion option for 760,000 warrants by 7 allottees.
The company forfeits ₹19.38 lakhs received as 25% initial subscription on these unexercised warrants.
This action follows the expiry of the 18-month conversion period from the October 2024 preferential allotment.
Compliance is filed under SEBI LODR Regulations 2015 and ICDR Regulations 2018.