Corporate Action7 Oct 2026, 03:01 pm
Aarey Drugs Allots 11.5 Lakh Equity Shares on Warrant Conversion
AI Summary
Aarey Drugs & Pharmaceuticals Ltd announced the allotment of 11,50,000 Equity Shares following the conversion of Fully Convertible Equity Share Warrants. The conversion was approved at the Board of Directors meeting held on September 30, 2026. These warrants were initially issued on a preferential allotment basis at an offer price of Rs. 63.80 each. The company received Rs. 47.85 per warrant, totaling Rs. 5,50,27,500 for this conversion. This allotment impacts the company's issued and paid-up capital.
Key Highlights
- 11,50,000 equity shares allotted upon warrant conversion.
- Conversion price was Rs. 47.85 per warrant.
- Total funds raised from this conversion: Rs. 5,50,27,500.
- Allotment includes both promoter and non-promoter categories.
- Company's issued and paid-up capital has been revised.
Price Impact
More from AAREYDRUGS