Julien Agro Infratech Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 10/07/2025 ,inter alia, to consider and approve allot 2,00,00,000 convertible ....
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Julien Agro Infratech Ltd has informed BSE that its Board of Directors will meet on July 10, 2025, at 11:30 AM. The key agenda item is to consider, approve, and allot 2,00,00,000 (2 crore) convertible warrants into equity shares on a preferential basis to non-promoter category allottees. The company had previously given an intimation about this on December 19, 2024, and this meeting is the next step in that process. This is being done under SEBI's Listing Obligations and Disclosure Requirements Regulations, 2015.
Allotment of 2 crore convertible warrants to non-promoters could lead to equity dilution when these warrants are exercised in the future. The stock may see some short-term volatility around the board meeting date based on market sentiment about the pricing and identity of the allottees.