Gourmet Gateway India Allots 4 Lakh Shares on Warrant Conversion

Gourmet Gateway India Ltd announced the allotment of 4,00,000 equity shares of face value Rs. 1 each at a price of Rs. 26.20 per share, including a premium of Rs. 25.20. This allotment is pursuant to the part conversion of warrants and brings in Rs. 78,60,000 towards the balance 75% of the issue price. The company's issued and paid-up capital has increased to Rs. 15,17,07,876. Concurrently, 38,27,743 warrants have lapsed due to non-exercise within the stipulated period, with the upfront 25% payment forfeited.