Kranti Industries Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 29/04/2025 ,inter alia, to consider and approve the allotment of 2,50,000 ....
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Kranti Industries Ltd has informed BSE that its Board of Directors will meet on Tuesday, April 29, 2025, at its registered office in Pune. The main agenda is to consider and approve the allotment of 2,50,000 equity shares upon the exercise of warrants on a preferential basis. This means existing warrant holders will convert their warrants into actual equity shares of the company. The trading window for directors and designated persons is already closed as per insider trading regulations. No other major agenda items were mentioned in the filing.
This is a routine warrant conversion that will increase the company's share count by 2.5 lakh shares, leading to mild dilution for existing shareholders. Since the warrants were already issued earlier, the conversion is expected and unlikely to surprise the market.