Milkfood Ltd Allots 22 Lakh Equity Shares on Warrant Conversion

Milkfood Ltd announced the allotment of 22,00,000 equity shares following the conversion of an equal number of convertible warrants. These warrants were initially issued on a preferential basis. The allotment was made to the Non-Promoter/Public Category at an issue price of Rs. 30/- per warrant, including a premium of Rs. 25/- per share. The conversion increases the company's issued and paid-up share capital to Rs. 13,89,80,900/-, comprising 2,77,96,180 equity shares. The newly allotted shares will rank pari passu with existing equity shares.