Ecoboard Industries Allots 59.4 Lakh Equity Shares Post Warrant Conversion

Ecoboard Industries Ltd has announced the allotment of 59,41,500 fully paid-up equity shares of face value ₹10 each, following the conversion of convertible warrants. These warrants were initially subscribed at 25% of the issue price of ₹30 each. Warrant holders from the non-promoter group exercised their option to convert, paying the remaining 75% of the issue price. The newly issued shares rank pari-passu with existing equity shares. This allotment increases the company's paid-up equity share capital from ₹26,40,67,400 to ₹32,34,82,400, representing an increase in the number of equity shares from 2,64,06,740 to 3,23,48,240.