DJ Mediaprint Converts 9.97 Lakh Warrants to Equity Shares

DJ Mediaprint & Logistics Ltd announced the conversion of 9,97,894 warrants into an equal number of equity shares. The conversion was approved by the Board of Directors and follows an earlier shareholder approval. Each warrant was converted at a face value of ₹10 and a premium of ₹104, totaling ₹114 per share. The company received ₹8,53,20,000, representing 75% of the issue price, from allottees for this conversion. This move increases the company's issued, subscribed, and paid-up equity share capital to ₹35,92,92,490. Following this conversion, 26,80,535 warrants held by promoters and 21,07,095 warrants held by non-promoters remain pending conversion. The newly allotted shares will rank pari-passu with existing equity shares.