Royal Sense Ltd. Approves Allotment of Convertible Warrants Worth Rs. 9,83,92,000 in Board Meeting

Royal Sense Ltd. has approved the allotment of 3,92,000 (Three Lakhs Ninety-Two Thousand Only) warrants convertible into equivalent equity shares of the Company. The warrants, having a face value of 10/- each, will rank pari-passu with the existing equity shares of the Company and are priced at Rs. 251/- (including premium of Rs. 241/- per share). The allotment is in accordance with the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2018. The Board Meeting, which commenced at 5:00 p.m. and concluded at 5:45 p.m., also approved the allotment to 22 allottees, including individuals and entities like Rishabh Arora, Vikas, Harmeet Singh, and others. The allottees have already paid 25% of the total consideration against each warrant.