Marble City India forfeits ₹2.87 Cr upfront payment on lapsed warrants

Marble City India Ltd has announced the forfeiture of upfront consideration paid for 11,42,400 unexercised share warrants. These warrants, originally allotted on January 24, 2025, at an issue price of ₹100.50 per warrant, lapsed as they were not exercised within the stipulated 18-month tenure. The company will forfeit the 25% upfront payment, amounting to ₹2.87 crore, as per SEBI ICDR Regulations. No equity shares were allotted from these lapsed warrants, thus having no impact on the company's issued, subscribed, and paid-up equity share capital.