Board allots 56.31 lakh shares on warrant conversion; appoints new CS
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Board allotted 56,31,107 equity shares (face value Rs 10 at Rs 12 per share) to 5 non-promoter warrant holders who paid the remaining 75 percent consideration of Rs 5.06 crore. This follows warrants allotted on May 16, 2026 on preferential basis. Post-allotment paid-up capital rises to Rs 23.04 crore (2.30 crore shares). Board also appointed Mr. Omkar Prakash Kulkarni as Company Secretary and Compliance Officer with immediate effect.
Warrant conversion is complete with no pending warrants left. New shares are locked in per SEBI ICDR rules. Key KMP vacancy filled, aiding compliance.