Bizotic Commercial to Issue 1.36 Cr Warrants to Promoters & Others

Bizotic Commercial Ltd announced that its Board of Directors has approved the raising of funds through the issuance of up to 1,36,08,000 warrants convertible into equity shares. These warrants will be issued on a preferential basis to entities within the 'Promoter and Promoter Group' and 'Non-Promoter' categories. The conversion period for these warrants is a maximum of 18 months from the allotment date. Additionally, the company will hold an Extra-Ordinary General Meeting (EGM) to seek shareholder approval for this fund-raising initiative. The issuance is subject to necessary shareholder and regulatory approvals.