Anand Rayons Allots 4.38 Lakh Shares on Warrant Conversion

Anand Rayons Ltd announced the allotment of 4,38,463 equity shares following the conversion of warrants into equity. This conversion, priced at ₹78 per share (including a ₹68 premium), was executed upon receipt of the balance payment of ₹58.50 per warrant. The total amount received for this conversion was ₹2,56,50,085.50. The allotment was made to the Promoter and Promoter Group Category on a preferential basis. This issuance increases the company's issued and paid-up capital to ₹21,90,83,870, comprising 2,19,08,387 equity shares of ₹10 face value each. The newly allotted shares will rank pari-passu with existing shares. The company also noted that 19,38,334 warrants remain outstanding for conversion.