Business Update5 Mar 2026, 06:12 pm
Swadeshi Industries & Leasing Ltd Converts 1,23,10,000 Convertible Warrants into Equity Shares
AI Summary
Swadeshi Industries & Leasing Ltd has announced the conversion of 1,23,10,000 Convertible Warrants into 1,23,10,000 Equity Shares. The conversion was approved by the Board of Directors in accordance with the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2018 and the Companies Act, 2013. The equity shares have been allotted to the Promoters and Non-Promoters of the Company. The conversion price is Rs. 10/- per equity share.
Key Highlights
- Swadeshi Industries & Leasing Ltd converts 1,23,10,000 Convertible Warrants into Equity Shares.
- The conversion was approved by the Board of Directors.
- The conversion is in accordance with the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2018 and the Companies Act, 2013.
- The equity shares have been allotted to the Promoters and Non-Promoters of the Company.
- The conversion price is Rs. 10/- per equity share.