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. The conversion was approved by the Board of Directors in a meeting held on July 20, 2026. These shares were issued to the 'Promoter and promoter Group Category' on a preferential basis at an issue price of ₹78 per share, including a premium of ₹68. The company received the balance payment of ₹58.50 per warrant, totaling ₹2,56,50,085.50. This allotment increases the company's issued and paid-up capital to ₹21,90,83,870, comprising 2,19,08,387 equity shares. The newly allotted shares will rank pari-passu with existing equity shares. Approximately 19.38 lakh warrants remain outstanding for future conversion.