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

Naapbooks Ltd's Board of Directors, in a meeting held on June 10, 2026, has superseded a prior decision to allot equity shares against warrant conversion. This action stems from the non-exercise of conversion options by warrant holders within the stipulated 18-month period. Consequently, 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 warrants (2,185) were converted on a pro-rata basis. The company's paid-up equity share capital has increased post-allotment to ₹11,84,27,850.