Board Meeting6 Jul 2026, 08:50 pm
Arcee Industries Approves Allotment of 2.13 Cr Warrants
AI Summary
Arcee Industries Ltd announced the outcome of its Board Meeting held on July 6, 2026, wherein the directors approved the allotment of 2,13,00,000 Convertible Warrants at an issue price of ₹10.35 per warrant on a preferential basis. The total issue size amounts to ₹22,04,55,000. These warrants are convertible into equity shares and have a tenure of up to 18 months. The allotment is to 29 non-promoter/public investors. 25% of the consideration is received upfront, with the balance payable upon exercise.
Key Highlights
- Board approved allotment of 2.13 crore convertible warrants.
- Issue price set at ₹10.35 per warrant, total issue size ₹22.05 Cr.
- Warrants are convertible into equity shares within 18 months.
- Allotment is on a preferential basis to 29 non-promoter investors.
- 25% of the issue price received upfront.
Price Impact
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