Srestha Finvest Allots 11.75 Cr Equity Shares via Warrant Conversion

Srestha Finvest Ltd's Board of Directors approved the allotment of 11,75,00,000 equity shares of Re.1/- each at a premium of ₹0.05 per share. This allotment is pursuant to the conversion of an equal number of convertible warrants on a preferential basis. These warrants were initially issued on February 18, 2025. Three non-promoter allottees, Sneha Bhandari, Sunil Bhandari, and Oswal Industries Limited, exercised their conversion rights by depositing the balance consideration of ₹9,25,31,250/-. The newly allotted shares will rank pari passu with the existing equity shares of the company.