EPIC Energy Allots 7.33 Lakh Shares on Warrant Conversion

EPIC Energy Ltd has announced the allotment of 7,33,332 equity shares following the conversion of equity warrants. The warrants were initially allotted on March 24, 2026, to promoters and non-promoters. Warrant holders have paid the balance consideration of ₹2,75,00,000/-, leading to the conversion. The newly allotted shares, with a face value of ₹10 each, will rank pari passu with existing equity shares. The Board of Directors approved this allotment in a meeting held on June 15, 2026. Promoters Nikhil Champaklal Morsawala and Veena Nikhil Morsawala each received 2,00,000 shares, while Soleos Solar Energy Pvt. Ltd. received 1,33,333 shares, among other non-promoter allottees.