Outcome of Board Meeting - Allotment of equity shares upon conversion of warrants

Tanvi Foods has allotted 1,90,225 equity shares of Rs. 10 each to promoter Ms. Vasavi Adusumilli upon conversion of an equal number of equity share warrants. The conversion price is Rs. 90 per share, with the company receiving Rs. 1,28,40,187.50 as the balance 75% payment. The warrants were originally allotted on December 31, 2024, with 25% paid upfront. Out of the total 10,48,225 warrants allotted, only 1,90,225 have been converted so far, with the remaining 8,58,000 to be converted later upon receipt of balance consideration. The allotment complies with Companies Act 2013 and SEBI ICDR Regulations.