Corporate Action19 Sept 2026, 06:00 pm
Choksi Labs to issue 3.5L warrants to promoter for ₹6.19 Cr
AI Summary
Choksi Laboratories Ltd's Board of Directors approved the preferential issuance of up to 350,000 convertible warrants to the promoter and promoter group. Each warrant is priced at ₹177, aggregating to ₹6.195 crore. This issuance is subject to shareholder approval at an Extra-Ordinary General Meeting (EGM) scheduled for October 17, 2026. An initial payment of 25% of the warrant price is required at the time of subscription and allotment.
Key Highlights
- Board approved issuing 350,000 convertible warrants.
- Warrants to be issued to promoter group at ₹177 each.
- Total issue size amounts to ₹6.195 crore.
- Shareholder approval is required at an EGM on Oct 17, 2026.
- 25% of the warrant price is payable upfront.
Price Impact
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