Novelix Pharmaceuticals: Board Meeting Outcome Includes Allotment of Equity Shares & Director's Resignation

Novelix Pharmaceuticals Ltd. held a Board Meeting on 30th March, 2026, where they approved the allotment of 11,50,000 equity shares at an issue price of Rs. 20/- each, including a premium of Rs. 10/- per share. The allotment is a result of warrant holders (promoter and promoter group) exercising their option to convert 11,50,000 warrants out of 15,000,000 warrants allotted on 10th January, 2025. The company has received Rs. 1,72.50,000.00/- on allotment of these shares. The board also approved the resignation of Mr. Jivamohan Divakar Valluri as Non-Executive Director of the company.