StockWatch
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Iron & Steel Products
Corporate Action27 Aug 2026, 12:36 pm

Cosmic CRF Ltd Converts Warrants, Allots Equity Shares

AI Summary

Cosmic CRF Ltd announced that its Board of Directors, in a meeting held on August 27, 2026, approved the conversion of 1,42,000 convertible share warrants held by the Promoter & Promoter Group into equity shares. The company will allot 1,42,000 fully paid-up equity shares of Rs. 10 each at an issue price of Rs. 1614 per share. The allotment is for cash upon receipt of the balance exercise price, aggregating to Rs. 17,18,91,000. This conversion will increase the company's issued and paid-up capital. Additionally, Mr. Pranab Kumar Chatterjee was appointed as an Additional Director.

Key Highlights

  • Board approved conversion of 1,42,000 warrants.
  • 1,42,000 equity shares to be allotted at Rs. 1614 each.
  • Total exercise price realization of Rs. 17.19 crore.
  • Issued and paid-up capital to increase post-allotment.
  • Mr. Pranab Kumar Chatterjee appointed as Additional Director.