Ecofinity Atomix Cancels Warrant Issue, Proposes New ₹1.58 Cr Fundraise

Ecofinity Atomix Ltd announced the cancellation of a previously approved Special Resolution for issuing 23,90,000 Convertible Equity Warrants worth ₹16.61 Crore. This cancellation is due to revisions in the issue size and proposed allottees. Concurrently, the Board has approved a new proposal to raise funds through the issuance of 15,87,100 Equity Warrants aggregating up to ₹1,58,71,000 (₹15.87 Crore) on a preferential basis. This new preferential issue will be subject to shareholder and regulatory approvals.