Please find enclosed Board Meeting Outcome
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Royal Sense Limited's board approved the conversion of 68,000 equity warrants into equity shares at Rs. 151 per warrant on a preferential basis to non-promoter allottees. The company received Rs. 51.34 lakh as the remaining 75% of the issue price, with the total warrant exercise price aggregating to Rs. 61.91 lakh. Four non-promoter allottees — Mini Agrawal, Umesh Arora, Hemangi Vikas Ruia, and TDK Partners — received 68,000 equity shares in total. The company's paid-up equity capital increased to Rs. 5.03 crore, comprising 50,36,146 equity shares of Rs. 10 each. Additionally, 3,14,000 warrants remain pending for conversion, with holders having 18 months from the original allotment date (20th November 2024) to exercise them.
The conversion increases the share count and equity capital by roughly 1.4%, modestly diluting existing shareholders. The fresh capital inflow of Rs. 51.34 lakh is relatively small but signals ongoing warrant exercise activity; remaining pending warrants could add further equity if converted.