Commercial Syn Bags Allots 16.13 Lakh Equity Shares on Preferential Basis

Commercial Syn Bags Ltd announced the allotment of 16,13,000 equity shares of Rs. 10 each at a premium of Rs. 62 per share to warrant holders. This allotment follows the receipt of the balance amount aggregating to Rs. 8,71,02,000 for convertible warrants issued on March 20, 2025. The shares were issued on a preferential basis to five subscribers, including Pravi Investments LLP and individuals categorized under promoter and promoter group. The company received the remaining 75% balance consideration on or before September 17, 2026, after warrant holders exercised their option for conversion.