Naapbooks Allots 3.73 Lakh Shares from Warrant Conversion

Naapbooks Limited's Board of Directors has approved the allotment of 373,314 equity shares at Rs. 61 each, following the partial conversion of warrants. This conversion represents 25% of the exercise price paid by warrant holders. A total of 26,13,100 warrants were initially allotted on December 10, 2024. The remaining warrants, amounting to 1,113,386, have lapsed or been cancelled as the full exercise price was not paid by the due date of June 09, 2026. This allotment increases the company's paid-up equity share capital to Rs. 12.21 crore.