Photon Capital Advisors Ltd. Approves Allotment of Equity Shares and Convertible Warrants

Photon Capital Advisors Ltd. announced the allotment of 12,07,000 equity shares and 19,90,000 convertible warrants at their board meeting held on March 20, 2026. The equity shares, with a face value of Rs.10/- each, will be issued at an issue price of Rs.115 per share, upon receipt of an amount aggregating to Rs. 13,88,05,000. The convertible warrants, with an issue price of Rs. 115/- each, will be issued upon receipt of a minimum application amount, aggregating to Rs.5,72,12,500. Each convertible warrant can be converted into one fully paid equity share of Rs.10/- each, any time after June 30, 2026 but before the expiry of 18 months from the date of allotment.