Raising of Fund through issue of Convertible warrants

Shelter Pharma Ltd has announced plans to raise funds by issuing convertible warrants to investors. Convertible warrants are financial instruments that can be converted into equity shares of the company at a later date at a pre-agreed price. The company has not yet disclosed the total amount it intends to raise, the number of warrants to be issued, or the conversion price. This is a common method used by listed companies to bring in capital without an immediate equity dilution, since conversion happens at a later stage. Further details such as allotment ratio, issue price, and eligible investors are expected in follow-up filings.