Corporate Action12 May 2026, 06:01 pm
Tanvi Foods Allots 1,90,225 Equity Shares on Warrant Conversion
AI Summary
Tanvi Foods (India) Ltd's Board approved the allotment of 1,90,225 equity shares to Ms. Vasavi Adusumilli (Promoter) upon conversion of an equal number of equity share warrants. The company received ₹1,28,40,187.50, representing 75% of the total consideration. The allotment complies with the Companies Act, 2013 and SEBI (ICDR) Regulations. The remaining 8,58,000 equity share warrants will be converted subsequently upon receipt of the balance consideration.
Key Highlights
- Tanvi Foods allots 1,90,225 equity shares upon warrant conversion.
- Shares allotted to promoter Ms. Vasavi Adusumilli.
- Company received ₹1,28,40,187.50, 75% of total consideration.
- Allotment complies with Companies Act and SEBI regulations.
- 8,58,000 warrants remain for future conversion.
Price Impact
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