Suditi Industries Allots 48 Lakh Equity Shares on Warrant Conversion

Suditi Industries Ltd. announced the outcome of a circular resolution passed by its board of directors, leading to the conversion of share warrants and the allotment of 48,00,000 equity shares. These shares were issued at a price of ₹27.50 each, including a premium of ₹17.50 per share. The conversion involved the receipt of the balance 75% payment for the warrants, amounting to ₹20.625 per warrant, totaling ₹9,90,00,000. This allotment has increased the company's issued and paid-up capital to ₹54,40,70,240, comprising 5,44,07,024 equity shares of ₹10 face value each. The warrants, initially allotted on February 12, 2025, had a tenure of 18 months from the allotment date.