Cosmic CRF Converts Warrants, Allots 1.54 Lakh Equity Shares

Cosmic CRF Ltd announced that its Board of Directors has approved the conversion of 1,54,400 convertible share warrants held by the Promoter Group into equity shares. Consequently, the company will allot 1,54,400 fully paid-up equity shares of Rs. 10 each at an issue price of Rs. 1614 per share. The allotment is for cash, with the balance exercise price of Rs. 1,210.50 per warrant received, aggregating to Rs. 18,69,01,200. This conversion will increase the company's issued and paid-up capital.