Key Quantitative Figures
- Total warrants allotted: 6,23,054 convertible warrants
- Issue price per warrant: ₹321 (including face value of ₹10 each)
- Total issue amount: ₹20,00,00,334
- Upfront subscription amount received (25%): ₹5,00,00,083.50
- Amount forfeited: ₹5,00,00,083.50
- Number of warrants exercised: Nil
- Number of warrants lapsed: 6,23,054
Parties Involved
Warrant Holders (Non-promoter category):
- Mr. Jitendra Kantilal Shah: 3,11,527 warrants (₹2,50,00,041.75 forfeited)
- Mr. Sreedhar Muppala: 3,11,527 warrants (₹2,50,00,041.75 forfeited)
Company Officials:
- S. Balasundharam, Company Secretary & Compliance Officer (ACS-11114)
Financial Impact
- No change in the paid-up share capital of the Company
- Forfeited amount of ₹5,00,00,083.50 will be retained by the Company
- Amount to be accounted for in accordance with applicable accounting standards
- Warrant holders cease to have any rights or entitlement to seek conversion into equity shares
Additional Information
- Original preferential allotment was intimated on February 27, 2025
- Disclosure hosted on company website: https://www.verandalearning.com/web/index.php/stock-exchange-intimations