Sudarshan Pharma Allots 90 Lakh Shares on Warrant Conversion

Sudarshan Pharma Industries Ltd announced the allotment of 90,00,000 equity shares of face value Re. 1 each at an issue price of Rs. 16.983 per share. This allotment is a consequence of the conversion of 9,00,000 warrants, previously issued on a preferential basis to the Promoter Category. The company received the balance amount aggregating to Rs. 11,46,35,250/- for this conversion. The issued and paid-up capital of the company has increased to Rs. 24,96,58,870/-, consisting of 24,96,58,870 equity shares. The newly allotted shares will rank pari-passu with existing equity shares.