Other28 Feb 2026, 03:31 pm
Lapse of Warrants: Fratelli Vineyards Forfeits Rs. 2,72,36,250
AI Summary
Fratelli Vineyards Ltd. has announced the lapse of 557650 warrants due to non-exercise of conversion rights within the stipulated period. The warrants were allotted on 23rd August 2024 on a preferential basis, with the last date for exercising the option being 22nd February 2026. As the allottees did not exercise the option, the warrants have lapsed, and the upfront amount of Rs. 2,72,36,250 stands forfeited by the Company. This is in accordance with the SEBI (Issue of Capital and Disclosure Requirement) Regulations, 2018.
Key Highlights
- Fratelli Vineyards Ltd. has announced the lapse of 557650 warrants.
- The warrants were allotted on a preferential basis on 23rd August 2024.
- The last date for exercising the option was 22nd February 2026.
- No allottees exercised the option within the stipulated period.
- The upfront amount of Rs. 2,72,36,250 stands forfeited by the Company.