Suditi Industries Ltd Allots 29,703 Warrants on Preferential Basis to Non-Promoter Nitu Ashish Bansal

Suditi Industries Ltd has allotted 29,703 warrants to Nitu Ashish Bansal on a preferential basis. Each warrant is priced at Rs. 59.12 and is convertible into one fully paid-up equity share after payment of the balance consideration of Rs. 44.34 within 18 months from the date of allotment. The warrants are locked-in for a specified period as per the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2018. The total issue size is Rs. 17,56,041.36. Nitu Ashish Bansal has paid 25% of the issue price as upfront payment, amounting to Rs. 4,39,010.34.