Chatha Foods Allots 16,000 Equity Shares on Warrant Conversion

Chatha Foods Ltd has approved the allotment of 16,000 equity shares, each with a face value of Rs. 10, upon the conversion of 16,000 warrants. The conversion was exercised at a price of Rs. 95.25 per warrant, totaling Rs. 15,24,000. This allotment is part of a larger preferential allotment of 1,19,000 convertible warrants. Following this conversion, all 1,19,000 warrants initially allotted on a preferential basis have now been fully converted into equity shares. The primary allottee for these converted warrants is Mr. Iqbal Singh Chatha, a promoter group member.