Sharvaya Metals Approves Warrants Issue & Acquisition

Sharvaya Metals Limited's Board of Directors has approved an increase in authorized share capital and the creation, offer, and allotment of up to 8,11,000 Fully Convertible Warrants at INR 144 each, aggregating to INR 11.67 Crore. Additionally, the board approved the creation, offer, and allotment of up to 21,00,000 equity shares at INR 144 each, aggregating to INR 30.24 Crore, for the acquisition of 100% share capital of Success Electronics Private Limited through a share swap. The company also ratified the appointment of a Registered Valuer and took note of the valuation reports for both its own securities and Success Electronics.