Swastika Investmart Plans Preferential Issue of Warrants Worth ₹57.6 Cr

Swastika Investmart Ltd announced its plan to issue up to 90,50,000 convertible warrants on a preferential basis, subject to shareholder approval. Each warrant is convertible into one equity share of face value ₹2. The issue price per warrant is ₹63.64, aggregating up to ₹57.59 crore. The warrants are convertible within 18 months, with 25% payable at subscription and 75% upon exercise. Unexercised warrants will lapse, and the consideration will be forfeited. The company will hold an Extra-Ordinary General Meeting for approval. The disclosure was made under SEBI Listing Regulations.