Corporate Action18 Jun 2026, 04:05 pm
Lactose India forfeits 15 Lakh Warrants, loses ₹6.5 Cr
AI Summary
Lactose India Ltd announced the forfeiture of 15,00,000 convertible warrants that were allotted on a preferential basis. The warrant holders failed to exercise their right to subscribe to equity shares by the June 5, 2026 deadline. Consequently, the company has forfeited the initial consideration of ₹6,52,50,000 received from the allottees, M/s. SG General Dealers LLP. The warrants were issued at a conversion price of ₹174 per warrant.
Key Highlights
- 15,00,000 convertible warrants forfeited by Lactose India.
- Warrant holders failed to exercise subscription rights by deadline.
- Company forfeits ₹6.52 Cr in initial consideration.
- Forfeiture approved by the Board of Directors.
- Warrants issued on preferential basis to SG General Dealers LLP.
Price Impact
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