The warrants were issued at a price of ₹45 per warrant, consisting of a face value of ₹10 and a premium of ₹35. The expiry occurred due to non-exercise by the promoters before the completion of the eighteen-month tenure period from the date of allotment, as mandated by Regulation 162 of the SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018. The specific expiry date was August 21, 2026.
The disclosure confirms that no equity shares were issued upon conversion of these expired warrants, resulting in no dilution of equity capital or change in the company's capital structure from this specific allotment.
The communication was signed by Bhavish Vijayvargiya, Company Secretary (Membership Number: A77631), and addressed to BSE Limited at Phiroze Jeejeebhoy Towers, Dalal Street, Mumbai - 400001.