Kesar Petroproducts: Allots 1.5 Cr Shares on Warrant Conversion

Kesar Petroproducts Ltd announced the allotment of 1,50,00,000 equity shares to the Promoter Group upon conversion of convertible warrants. This follows the exercise of conversion options by warrant holders and receipt of 75% of the balance payment, totaling Rs 21.15 Cr. The company also reported the forfeiture of 25% upfront money amounting to Rs 2.44 Cr from 52,00,000 non-exercised warrants. The equity share capital has increased following this allotment.