Please find the attached Outcome of the Board Meeting held today i.e Friday, 24th April, 2026.
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Cranex Ltd's Board approved allotment of 14,50,000 equity shares at Rs. 102 each upon conversion of warrants. The allottees include promoters Chaitanya Agrawal (400,000 shares) and Amitabh Agrawal (300,000 shares), along with non-promoters like Securocrop Securities (400,000 shares). The company's paid-up capital increased from Rs. 6.57 crore to Rs. 8.02 crore. Additionally, 7,60,000 warrants held by 7 investors (including Gaurav Singh, Bhavya Jain) were forfeited as they did not exercise conversion within the 18-month period. The forfeited warrants had 25% amount paid upfront which is now liable to be forfeited per SEBI ICDR Regulations.
The equity dilution increases total shares to 80,20,000. Promoter holding increases significantly as Chaitanya Agrawal's stake rises from 2.89% to 7.36%. The forfeiture of 7,60,000 warrants represents capital that will be retained by the company.