Bizotic Commercial Ltd Issues 1.36 Cr Convertible Warrants
Bizotic Commercial Ltd announced today, September 10, 2026, that its Board of Directors has approved the issuance of up to 1,36,08,000 convertible warrants. These warrants, each convertible into one equity share of face value Rs. 10, will be issued on a preferential basis to entities within the Promoter and Promoter Group, as well as the Non-Promoter category. The issuance aims to raise funds and will be conducted in one or more tranches, subject to shareholder and other necessary approvals. The warrants have a maximum tenure of 18 months for conversion, with 25% of the issue price payable upfront and the remaining 75% due at the time of conversion. An Extra-Ordinary General Meeting (EGM) will be convened for shareholder approval.
Key Highlights
- Board approves issuance of 1.36 Cr convertible warrants.
- Warrants to be issued preferentially to promoter and non-promoter groups.
- Conversion into equity shares within an 18-month tenure.
- EGM to be held for shareholder approval of the fundraise.
- Company aims to raise funds through this preferential allotment.
Price Impact
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