Granules India: Warrants Allotment to Promoter Group

Granules India Limited has disclosed the allotment of 2,49,82,906 warrants on a preferential basis to its promoter group, including Mrs. Chigurupati Uma Devi, Mrs. Priyanka Chigurupati, Mrs. Pragnya Chigurupati, and Mr. Harsha Chigurupati. These warrants are convertible into equity shares. The disclosure under SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011, details the pre-allotment holdings of the acquirers and persons acting in concert, which collectively stood at 38.82% of the total share capital. Post-allotment, the specific holdings of the individuals have increased, with Mrs. Chigurupati Uma Devi receiving 2,48,80,342 warrants (9.12%), Mrs. Priyanka Chigurupati 34,188 warrants (0.01%), Mrs. Pragnya Chigurupati 34,188 warrants (0.01%), and Mr. Harsha Chigurupati 34,188 warrants (0.01%).