Naapbooks Ltd: Board Supersedes Warrant Allotment Decision, Forfeits ₹2.26 Cr

Naapbooks Ltd's Board of Directors met on June 10, 2026, to supersede a prior decision made on June 9, 2026, regarding the allotment of equity shares upon warrant conversion. Due to non-exercise of conversion options by certain warrant holders within the stipulated 18-month period, the company has approved the forfeiture of the initial 25% amount received on 14,84,515 warrants, totaling ₹2,26,38,890. A small number of 2,185 warrants were converted on a pro-rata basis. The company's paid-up equity share capital has increased post-allotment to ₹11,84,27,850.