Board approved preferential allotment of 1,01,20,000 equity shares upon conversion of warrants, raising ₹7.59 crore.
Conversion follows receipt of balance 75% payment (₹7.50 per warrant) from allottees, primarily promoters and non-promoters.
8,30,000 warrants lapsed due to non-exercise after the 18-month tenure expired.
Post-allotment, promoter and promoter group holding increased, with significant new non-promoter stakes created.