Granules India Promoters Pay ₹1,093 Cr for Preferential Issue

Granules India Ltd announced that its Promoter group has paid the remaining 75% subscription amount of ₹1,093 crores towards a preferential issue. This payment fully funds 2,49,14,530 warrants, making them eligible for conversion into equity shares. Following this infusion, Granules India Limited is now in a net cash surplus position on a consolidated basis. The company stated that this strengthened financial position will enhance its flexibility to pursue growth initiatives, expedite the objectives of the preferential issue, and deploy capital ahead of schedule while maintaining financial discipline.