Board Meeting5 May 2026, 05:51 pm
Olatech Forfeits ₹4.4 Cr Unexercised Warrants
AI Summary
Olatech Solutions Ltd's board approved the forfeiture of unexercised warrants issued on a preferential basis to a non-promoter, as per Regulation 30 of LODR and ICDR Regulations. The warrants, allotted with 25% upfront payment, were not exercised within 18 months, leading to the forfeiture of ₹4,40,73,500. This action does not impact the company's paid-up share capital but reduces potential equity dilution. The board meeting was held on May 05, 2026, from 4:00 PM to 4:30 PM.
Key Highlights
- Olatech forfeits warrants issued to non-promoter due to non-exercise.
- ₹4,40,73,500 forfeited as upfront amount paid for warrants.
- Forfeiture does not change paid-up share capital.
- The decision was made during a board meeting on May 05, 2026.
Price Impact
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