Aki India Limited has informed the Exchange regarding Board meeting held on May 24, 2025 regarding receipt of 3rd Tranche of consideration for allotment of 1,46,73,782 Convertible Warrants (Out of 1,74,41,782 Convertible Warrants) ( Warrants ) issued at a price of Rs. 18.71/- each (including a premium of Rs. 16.71/- each) for cash consideration to the person(s)/ entity(ies) belonging to Promoter and Promoter Group Category and Non-Promoter Category on a preferential basis in accordance with provisions of Chapter V of SEBI (ICDR) Regulations, 2018.
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AKI India Limited held a board meeting on May 24, 2025, to note the receipt of the 3rd tranche of consideration towards the allotment of 1,46,73,782 convertible warrants out of a total of 1,74,41,782 warrants. The warrants were issued at Rs. 18.71 each, inclusive of a Rs. 16.71 premium, to certain persons from the Promoter/Promoter Group and Non-Promoter categories. The issue is being carried out on a preferential basis in line with Chapter V of the SEBI (ICDR) Regulations, 2018.
This is a procedural update confirming receipt of funds for a previously announced preferential warrant issue. Shareholders may see modest dilution risk once warrants are converted into equity, though the staggered receipt of consideration suggests the fundraising is progressing as planned.