Ecofinity Atomix Cancels Warrant Issue, Proposes New ₹15.87 Cr Raise

Ecofinity Atomix Ltd announced the cancellation of a previously approved Special Resolution for issuing 23,90,000 Convertible Equity Warrants. The company cited revisions in the issue size and proposed allottees as reasons for not proceeding. Concurrently, the Board has approved a new proposal to raise funds aggregating up to ₹1,58,71,000 (₹15.87 Crore) through the issuance of 15,87,100 Equity Warrants on a preferential basis. This new preferential issue will be subject to shareholder and regulatory approvals.