Board Meeting17 Dec 2025, 04:18 pm
Emerald Leisures Ltd Withdraws 29,68,000 Convertible Warrants Issue on Preferential Basis
AI Summary
The Board of Directors of Emerald Leisures Ltd has decided to withdraw the issue and allotment of 29,68,000 convertible warrants into equity shares on preferential basis. This decision comes after the company received communications from investors that they could not remit the required subscription before the due date. The company was required to complete the allotment of securities within 15 days from the date of receipt of 'In principle Approval' from BSE Limited, but it was not possible to complete the procedure as stipulated.
Key Highlights
- Emerald Leisures Ltd withdraws the issue and allotment of 29,68,000 convertible warrants into equity shares on preferential basis.
- The decision comes after the company received communications from investors that they could not remit the required subscription before the due date.
- The company was required to complete the allotment of securities within 15 days from the date of receipt of 'In principle Approval' from BSE Limited.
- The procedure could not be completed as stipulated.
- The 'In principle Approval' for the Proposed Convertible Warrants was received from BSE Limited on December 02, 2025.
Price Impact
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