Fredun Pharma Allots 1,82,400 Equity Shares Post Warrant Conversion

Fredun Pharmaceuticals Ltd has allotted 1,82,400 equity shares of face value Rs. 10 each upon the conversion of 60,800 warrants. This follows the payment of the balance consideration by warrant holders. The warrants were initially allotted on a preferential basis on December 29, 2025, pursuant to shareholder approval. The allotment of equity shares, made in dematerialized form, ranks pari passu with existing shares. The conversion and allotment were adjusted for a recent 1:2 bonus issue, impacting the number of shares per warrant and the exercise price.