Board approves preferential share and warrant issue under NCLT plan

Board approved preferential issuance of equity shares and warrants under NCLT-approved Resolution Plan. Includes 12 lakh shares to promoter at Rs. 22.50 (Rs. 2.7 crore), 73 lakh shares to 10 public investors (Rs. 16.42 crore), 60 lakh convertible warrants to 3 investors (Rs. 13.5 crore, 25 percent upfront and 75 percent in 18 months), and 1.10 crore shares to Transferor Company shareholders at 436:100 ratio under merger scheme. Post-allotment promoter holding will be 61.43 percent.