Solara Active Pharma Converts 2.79 Lakh Rights Shares to Fully Paid

Solara Active Pharma Sciences Ltd announced the conversion of 2,79,582 partly paid-up Rights Equity Shares into fully paid-up equity shares. This action follows the receipt of pending call monies from shareholders who had not paid their First Call Money and/or Second and Final Call Money related to the company's rights issue. The conversion involves two tranches of shares with different paid-up amounts and ISINs. The company will undertake necessary corporate actions and seek listing approvals for these converted shares. This move aims to finalize the capital raised through the rights issue and consolidate the shareholding structure.