Kavveri Telecom Products Ltd-has informed BSE that the meeting of the Board of Directors of the Company is scheduled on 22/04/2025 ,inter alia, to consider and approve The Board of Directors ....
KAVDEFENCE · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
The company has informed BSE and NSE that a meeting of the Board of Directors is scheduled on April 22, 2025. The Board will consider and approve the conversion of warrants into equity shares of the company, following requests received from some eligible warrant holders. This filing is made under SEBI's Listing Obligations and Disclosure Requirements Regulations, 2015, and SEBI's Issue of Capital and Disclosure Requirements Regulations, 2018. The conversion will increase the company's issued equity share capital once approved.
Warrant holders choosing to convert their warrants into equity shares signals confidence in the company's prospects, but it will also lead to dilution of existing shareholders' holdings. Watch for the board meeting outcome on April 22, 2025, to see the number of warrants converted and any dilution impact.