Seshachal Technologies Allots 1.13 Cr Shares on Warrant Conversion

Seshachal Technologies Ltd announced the allotment of 1,13,63,637 equity shares, each with a face value of Rs. 10, at an issue price of Rs. 22 per share. This allotment is a result of the conversion of an equal number of warrants into equity shares for the 'Non-Promoters/Public Category' on a preferential basis. The company received the balance payment of Rs. 16.50 per warrant, aggregating to Rs. 18,75,00,010.50. This conversion increases the company's issued and paid-up capital to Rs. 12,05,79,970, comprising 1,20,57,997 equity shares. The newly allotted shares will rank pari-passu with existing equity shares.