Mish Designs Approves Preferential Allotment of Equity Shares & Warrants

Mish Designs Ltd announced that its Board of Directors has approved the preferential allotment of 2,63,160 equity shares and 2,45,615 warrants convertible into equity. The issue price for both is Rs. 57 per share/warrant, comprising Rs. 10 face value and Rs. 47 premium. The company has received Rs. 1,50,00,120 towards equity shares and Rs. 35,00,013.75 (25% of issue price) towards warrants. The remaining 75% for warrants is payable within 18 months upon conversion. The allotment includes shares and warrants to promoters and non-promoters.