Panjon Ltd Forfeits 25% of Warrant Subscription Amount Due to Lapse of Conversion of Warrants into Equity Shares

Panjon Ltd held a Board Meeting on 13th February, 2026, where they considered and approved the unaudited financial results for the quarter and nine months ended 31st December, 2025. The Board also took note of the conversion of warrants into equity shares by Mr. Jay Kothari and the lapse of the remaining warrants due to effluxion of time. The Board forfeited 25% of the warrant subscription amount in accordance with the SEBI regulations. The Company Secretary or any director is authorized to undertake necessary corporate actions to give effect to the cancellation of the outstanding warrants.