Ecoboard Industries Allots 59.41 Lakh Shares on Warrant Conversion

Ecoboard Industries Ltd has allotted 59,41,500 fully paid-up equity shares of face value ₹10 each upon conversion of warrants. These shares were issued to non-promoter group warrant holders who exercised their option and paid the balance 75% of the issue price. The total amount received for this conversion is ₹44,56,125. The newly issued shares rank pari-passu with existing equity shares. Consequently, the company's paid-up equity share capital has increased from ₹26,40,67,400 to ₹32,34,82,400.