Board clears about Rs 32.6 crore preferential share and warrant issue

Board approved issuing upto 85 lakh equity shares at Rs 22.50 each (about Rs 19.12 crore) on preferential basis to promoter and public investors, plus 60 lakh convertible warrants at Rs 22.50 (Rs 13.5 crore) with 75 percent balance payable within 18 months. Also approved 1.10 crore equity shares for merger of Sri Adhikari Brothers Digital Network at 436:100 share swap ratio. All actions are part of NCLT-approved Resolution Plan under IBC.