Srestha Finvest Approves Allotment of 15.25 Cr Equity Shares

Srestha Finvest Ltd announced a Board Meeting held on August 17, 2026, where the allotment of 15,25,79,365 equity shares was approved. These shares are issued at a premium of Rs. 0.05 per share, pursuant to the conversion of an equal number of convertible warrants. This conversion represents a portion of the 85,30,00,000 convertible warrants initially allotted on February 18, 2025. The issuance is on a preferential basis to Non-Promoters under SEBI regulations. Two specific allottees have deposited the balance consideration, totaling Rs. 12,01,56,250, to exercise their right to convert warrants into equity. The newly allotted shares will rank pari passu with existing equity shares.