Commercial Syn Bags Ltd Approves Allotment of 3,87,000 Equity Shares to Promoter Group

Commercial Syn Bags Ltd announced that the Board of Directors approved the allotment of 3,87,000 equity shares to the warrant holders categorised under the promoter group. The allotment is at a premium of Rs.62/- per share, against the option exercised by warrant holder for convertible warrants issued on 20th March 2025. The total amount for the securities is Rs. 2,08,98,000 (Rs Two Crores Eight Lakhs Ninty Eight Thousand Only). The warrant holder, Pravi Investment LLP, now holds 1584906 equity shares of Rs. 10/- each, subsequent to conversion dated 30/03/2026. The warrants outstanding for conversion as on 30/03/2026 are 16,13,000.