Mehai Technology's board approved conversion of 8.04 crore warrants into equity shares at ₹3.5 per share, raising ₹21.11 crore.
The conversion increases the company's paid-up equity capital to ₹82.90 crore consisting of 82.90 crore shares.
Dynamic Services & Security Limited (promoter) converted 7 crore shares, while 13 public allottees converted 1.04 crore shares.
Following this conversion, 11.86 crore warrants (2.30 crore promoter and 9.56 crore public) remain pending for future conversion.