The Board of Directors at its meeting held on 29/09/2025 have, inter-alia, Considered and approved, the following: 1. Lapse of Warrants and forfeiture of upfront payment. 2. Change in ....
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Rajvi Logitrade Ltd's board, at its meeting on September 29, 2025, approved the lapse of 33,65,451 convertible warrants that were not exercised within the 18-month conversion window ending September 28, 2025. Out of the original 86,90,976 warrants issued at Rs. 10 each in March 2024, 53,25,525 were converted into equity shares, while the 33,65,451 unconverted warrants have lapsed and the 25% upfront payment (amounting to roughly Rs. 84.14 lakh) has been forfeited by the company as per SEBI ICDR regulations. Additionally, the company is shifting its registered office within Gandhidham effective October 1, 2025, appointed M/s Shah Deep and Company as Internal Auditor for FY 2025-26, and fixed a remuneration of Rs. 1,00,000 per month for non-executive director Ms. Rajvi Maulin Acharya.
The forfeiture of the 25% upfront payment on unconverted warrants provides a small inflow to the company's reserves but signals that part of the promoter group's planned equity infusion did not materialise, which may weaken the equity base slightly. The other items are routine administrative changes with no material impact on shareholder value or stock price.