Key Quantitative Figures

  • Total convertible warrants allotted: 10,37,200
  • Total warrants exercised: 0
  • Total warrants remaining unexercised: 10,37,200
  • Upfront consideration forfeited: ₹2,72,26,500

Dates of Action

  • Date of allotment of warrants: 30th April, 2025
  • Date of expiry of 18-month conversion period: 29th October, 2026
  • Date of intimation: 31st October, 2026

Financial Impact

  • The upfront consideration of 25% received by the Company against unexercised warrants, amounting to ₹2,72,26,500, stands forfeited by the Company
  • No refund entitlement for warrant holders

Capital Structure Impact

  • 10,37,200 unexercised convertible warrants have lapsed and stand cancelled
  • No equity dilution occurred as warrants were not converted
  • No change in share capital structure

Additional Details

  • BSE Scrip Code: 544163
  • Company CIN: L19201UP2023PLC182123
  • Signed by Naved Iqbal, Managing Director (DIN: 06685505)
  • The warrant holders have no further rights in respect of the lapsed warrants