Deals23 Jul 2026, 12:44 pm
Alphalogic Techsys Approves 18 Lakh Warrants Issue for ₹5.4 Cr
AI Summary
Alphalogic Techsys Ltd's Board of Directors has approved the issuance of up to 18,00,000 Convertible Warrants to Vivaro Enterprises Limited, a non-promoter entity. The preferential issue is valued at ₹5,40,00,000, with each warrant priced at ₹30. These warrants are convertible into equity shares within 18 months. The company will seek shareholder approval via postal ballot for this transaction. The 'Relevant Date' for determining the issue price was set as July 23, 2026.
Key Highlights
- Board approves issuance of 18,00,000 convertible warrants.
- Warrants to be issued on preferential basis to Vivaro Enterprises Limited.
- Total issue size aggregates to ₹5.40 Crores.
- Issue price fixed at ₹30 per warrant.
- Warrants convertible into equity within 18 months.
Price Impact
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