Corporate Action10 Aug 2026, 06:51 pm
Seshachal Technologies Allots 1.13 Cr Warrants at ₹22 Each
AI Summary
Seshachal Technologies Ltd announced the allotment of 1,13,63,637 Fully Convertible Warrants to the 'Non-Promoter, Public Category' on a preferential basis. The issue price is ₹22 per warrant, with 25% subscription amount received and the balance 75% due within 18 months. These warrants are convertible into equity shares of face value ₹10 each. The board meeting where this was approved commenced at 4:00 PM and concluded at 4:30 PM on August 10, 2026. The company obtained necessary approvals, including 'In-Principle Approval' from BSE Limited.
Key Highlights
- Board approved allotment of 1.13 Cr warrants on preferential basis.
- Warrants issued to Non-Promoter, Public Category investors.
- Issue price fixed at ₹22 per warrant.
- 25% subscription received, balance due within 18 months.
- Warrants convertible into equity shares.
Price Impact
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