Milkfood Ltd Allots 22 Lakh Convertible Warrants at ₹30 Each

Milkfood Ltd announced the allotment of 22,00,000 convertible warrants on a preferential basis to non-promoter/public category individuals at an issue price of ₹30 per warrant. The company has received 25% of the issue price (₹7.50) per warrant. These warrants can be converted into equity shares on a one-to-one basis upon payment of the balance 75% within 18 months. The allotment was approved by the Board of Directors and shareholders, with prior in-principle approval from BSE. The company's paid-up share capital remains unchanged post-allotment, pending conversion.