Alankit Ltd Allots 1.65 Cr Shares on Warrant Conversion

Alankit Limited has approved the allotment of 1,65,00,000 equity shares of face value ₹1 each, pursuant to the conversion of 1,65,00,000 fully convertible warrants. These warrants were issued on a preferential basis to Alka Agarwal, belonging to the Promoter Group, at an issue price of ₹8.60 per share. The conversion increases the company's paid-up equity share capital to ₹28,76,58,100, comprising 28,76,58,100 equity shares.