Dhansafal Finserve Ltd Approves Conversion of 1,25,00,000 Share Warrants into Equity Shares

Dhansafal Finserve Ltd has approved the conversion of 1,25,000 share warrants into equity shares of face value of Rs. 01/- each. The conversion is by way of preferential allotment to the persons/entities as detailed in Annexure - ‘I’. The Board has allotted 1,25,00,000 equity shares of face value of Rs. 01/- each, fully paid up, on account of such conversion. The Company has received an amount of Rs. 4,04,06,250/- at the rate of Rs. 3.2325/- per warrant, being the remaining 75% of the issue price per warrant. The equity shares allotted upon conversion of share warrants shall rank pari-passu with the existing equity shares of the Company in all respects. The paid-up equity capital of the Company has increased from Rs. 21,46,40,000 to Rs. 22,71,40,000.