Hemant Surgical allotted 1,499,200 equity shares at ₹197 each upon conversion of warrants held by three Singularity funds.
The conversion followed receipt of the balance 75% subscription money, increasing paid-up capital to ₹14.54 crore.
This preferential allotment was approved by the board and disclosed under SEBI Listing Regulations.
The new shares will rank pari passu with the company's existing equity share capital.