Manoj Ceramic Allots 1 Lakh Equity Shares on Warrant Conversion

Manoj Ceramic Ltd's Board approved the allotment of 1,00,000 equity shares of face value ₹10 each at an issue price of ₹161 per share, including a premium of ₹151. These shares were allotted upon the exercise of options for conversion of equity warrants, following the receipt of the balance 75% subscription amount. The shares were allotted to Dhruv Manoj Rakhasiya, a promoter. Post-conversion, the company's issued, subscribed, and paid-up equity share capital increased to ₹13,80,70,000, comprising 1,38,07,000 fully paid-up equity shares. The new shares rank pari-passu with existing equity shares.