EPIC Energy Allots 1.98 Lakh Equity Shares on Warrant Conversion

EPIC Energy Ltd has allotted 1,98,000 equity shares of face value Rs. 10 each upon conversion of equity warrants. This follows the payment of the balance consideration by warrant holders, totaling Rs. 74,25,000. The warrants were initially allotted on a preferential basis to promoters and non-promoters on March 24, 2026, after shareholder approval. The conversion price was Rs. 50 per share, with Rs. 12.50 paid initially and Rs. 37.50 paid now. The newly allotted shares rank pari passu with existing equity shares. The total number of warrants originally allotted was 38,00,000, with 28,68,668 remaining outstanding.