Corporate Action24 Feb 2026, 06:52 pm
Comrade Appliances Ltd Forfeits Unused Warrant Payments
AI Summary
Comrade Appliances Ltd has announced the forfeiture of unpaid warrant amounts from four allottees who did not exercise their conversion option within 18 months. The warrants, allotted on a preferential basis, were priced at Rs. 109/- each, with 25% of the issue price paid upfront. As per the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2018, the unpaid amount on the 9,00,000 unexercised warrants has been forfeited. This decision was made at the Board of Directors meeting on February 24, 2026.
Key Highlights
- Comrade Appliances Ltd forfeits unpaid warrant amounts from four allottees.
- The warrants, priced at Rs. 109/- each, were allotted on a preferential basis.
- 25% of the issue price was paid upfront at the time of warrant allotment.
- The forfeiture is in accordance with the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2018.
- The decision was made at the Board of Directors meeting on February 24, 2026.