Deals23 Jul 2026, 12:52 pm
Alphalogic Techsys Approves Warrants Issue Worth ₹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 of face value ₹5 each within 18 months. The company will seek shareholder approval for this transaction. The 'Relevant Date' for determining the issue price has been set as July 23, 2026. This move aims to raise capital and potentially increase the company's equity base.
Key Highlights
- Board approved issuance of 18 lakh convertible warrants to non-promoter.
- Total issue size aggregates to ₹5.40 crore at ₹30 per warrant.
- Warrants convertible to equity shares within 18 months.
- Shareholder approval is required for the preferential allotment.
- Vivaro Enterprises Limited is the proposed allottee.
Price Impact
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