Corporate Action7 May 2026, 07:11 pm
JOJO Ltd Allots 90 Lakh Equity Shares on Warrant Conversion
AI Summary
JOJO Ltd's Board of Directors approved the allotment of 90,00,000 fully paid-up equity shares of ₹10 each, upon conversion of warrants into equity shares on a preferential basis. The allotment was made for cash, with the company receiving ₹27,00,00,000. Consequent to the allotment, the paid-up equity capital increased from ₹25,48,07,000 to ₹34,48,07,000. All outstanding warrants have now been converted.
Key Highlights
- 90,00,000 equity shares allotted upon warrant conversion.
- ₹27,00,00,000 received from warrant exercise at ₹30 per share.
- Paid-up equity capital increases to ₹34,48,07,000.
- All outstanding warrants are now converted; no warrants pending.
Price Impact
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