Kriti Industries: 63.69 lakh warrants lapse, Rs 2.52 Cr forfeited
KRITI · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
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Kriti Industries had allotted 94.61 lakh convertible warrants to its promoter group at Rs 158.50 per warrant on a preferential basis. Of these, 63.69 lakh warrants were not converted into equity shares within the 18 month window ending 2 January 2026 and have now lapsed and been cancelled. The 25 percent upfront amount of about Rs 2.52 crore paid at allotment stands forfeited by the company.
Negative for promoter group who lose warrants and paid amount. Company keeps forfeited upfront but loses planned equity infusion and possible capital expansion.