Swastika Investmart Board Approves Preferential Issue of Warrants

Swastika Investmart Ltd's Board of Directors has approved the issuance of up to 90,50,000 convertible warrants on a preferential basis. Each warrant is convertible into one equity share of face value ₹2. The issue price per warrant is ₹63.64, aggregating to a total issue size of approximately ₹57.59 crore. This issuance is subject to shareholder approval at an upcoming Extra-Ordinary General Meeting. The warrants are convertible within 18 months, with 25% payable at subscription and 75% upon exercise. Investors include Mr. Sunil Nyati and Mrs. Anita Nyati.