Kranti Industries Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 08/05/2026 ,inter alia, to consider and approve the forfeiture of application ....
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Kranti Industries Ltd has scheduled a Board meeting for May 08, 2026 to consider forfeiture of application money received from Evolution Capital Advisory Services Private Limited. The warrant holder failed to exercise 2,50,000 convertible warrants within the permitted tenure period. As a result, the company will forfeit the application money paid by this warrant holder. The trading window is also being closed for directors and designated persons until 48 hours after the financial results are declared.
This is a routine corporate action where unexercised warrants lead to forfeiture of application money. It has no direct impact on existing shareholders as the warrants were not converted to equity. The company retains the application money already received.