Indian Terrain Fashions Limited has informed the Exchange about General Updates
INDTERRAIN · price
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Indian Terrain Fashions has submitted a certificate from its statutory auditor SRSV & Associates confirming receipt of the balance 25.20% payment for 49,48,537 convertible warrants allotted on 31st March 2025 to non-promoter allottees at Rs. 50.52 per warrant. The company collected Rs. 18.70 crore as upfront money (74.80%) and Rs. 6.30 crore as the balance, totaling Rs. 25 crore (100% of issue size). The board approved conversion of all warrants into equity shares on 27th May 2025. Allottees include A R Foundations Pvt Ltd (24.74 lakh warrants), Manorama Gardner (21.77 lakh warrants), and Suniel U Lulla (2.97 lakh warrants), with no unexercised warrants remaining.
All warrants have been fully converted into equity shares, meaning the company has completed the capital raise of around Rs. 25 crore from non-promoter investors, resulting in equity dilution for existing shareholders. This is a routine compliance filing rather than new news — the preferential allotment and conversion were already approved and executed in March and May 2025.