Everest Organics Allots 2.63 Lakh Shares on Warrant Conversion

Everest Organics Ltd has approved the allotment of 2,63,157 fully paid-up equity shares of face value Rs. 10 each at Rs. 152 per share. This allotment is upon the conversion of an equal number of convertible warrants held by Dr. Sri Kakarlapudi Sirisha, Managing Director & Promoter. The total amount aggregated to Rs. 3,99,99,864. The warrants were originally allotted on a preferential basis in January 2025. The newly allotted shares will rank pari-passu with existing equity shares and are subject to an 18-month lock-in period for the promoter.