Suditi Industries allots 29,703 warrants on a preferential basis to a non-promoter, raising Rs. 17.56 lakhs with an upfront payment of Rs. 4.39 lakhs.
Each warrant is convertible into one equity share upon payment of Rs. 44.34 within 18 months, or the warrant lapses and upfront payment is forfeited.
The allotment was approved by shareholders and the board, with warrants subject to lock-in per SEBI ICDR regulations.