CWD Ltd Allots 2,48,329 Shares on Warrant Conversion, Adds Bonus

CWD Ltd announced the allotment of 2,48,329 equity shares of face value Rs. 10 each upon conversion of warrants. This allotment was made on a preferential basis to non-promoters. Additionally, 9,93,316 equity shares were allotted as a bonus in a 4:1 ratio. The total amount received from the warrant conversion was Rs. 16,89,25,802.25. Following this, the company's paid-up capital increased from Rs. 23,39,30,750 to Rs. 24,63,47,200. The newly allotted shares will rank pari passu with existing shares.