Shree Hari Chemicals Issues ₹40.2 Cr Warrants to Promoters

Shree Hari Chemicals Export Ltd announced the approval of issuing 22,85,000 convertible warrants to its promoters on a preferential basis. The total issue size aggregates to ₹40,23,88,500, with each warrant priced at ₹176.10. These warrants are convertible into an equal number of equity shares within eighteen months. The issuance is subject to shareholder approval. The company detailed the names of the allottees, including Shri Nihit Agarwal, Smt. Priyamvada Agarwal, Smt. Avanticka Agarwal, and Smt. Smradhi Agarwal, and their expected post-conversion shareholding. A minimum of 25% of the issue price is payable at subscription, with the balance due before conversion.