Bizotic Commercial Ltd Board Approves Allotment of 2,64,000 Equity Shares Upon Conversion of Warrants

Bizotic Commercial Ltd announced that its Board of Directors has approved the allotment of 2,64,000 fully paid-up Equity Shares pursuant to the conversion of 2,64,000 convertible warrants. The warrants were held by M/s. Bizotic Nexus Private Limited, a Promoter and Promoter Group entity. The allotment was made at an issue price of Rs. 290.00/- per share, including a premium of Rs. 280.00/- per share, upon receipt of the balance amount of 75.00% of the issue price per warrant. The total amount received for the allotment was Rs. 5,74,20,000/-. The newly issued Equity Shares will rank pari passu with the existing Equity Shares of the Company in all respects.