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 following the conversion of convertible warrants. These warrants were initially allotted on April 9, 2025, with a face value of ₹10 each, issued at ₹30 each. Warrant holders from the non-promoter group exercised their option to convert 59,41,500 warrants by paying the balance 75% of the issue price. The newly allotted shares rank pari-passu with existing equity shares. This allotment increases the company's paid-up equity share capital from ₹26,40,67,400 (2,64,06,740 shares) to ₹32,34,82,400 (3,23,48,240 shares).