Corporate Action4 May 2026, 05:01 pm
Vedavaag: 73.98 Lakh Unexercised Warrants Lapsed
AI Summary
Vedavaag Systems Ltd's board meeting on May 4, 2026, noted that 73,98,800 warrants, out of the 79,38,000 convertible warrants allotted on October 23, 2024, at ₹63 per warrant, lapsed on April 23, 2026, as they remained unexercised. 5,39,200 warrants were exercised and converted into equity shares. The upfront amount (25% of the issue price) for the lapsed warrants will be forfeited as per SEBI ICDR Regulations.
Key Highlights
- 73,98,800 warrants lapsed unexercised on April 23, 2026.
- 5,39,200 warrants were exercised and converted into equity shares.
- Upfront amount for lapsed warrants will be forfeited as per SEBI ICDR Regulations.
- Warrants were allotted on October 23, 2024, at ₹63 per warrant.
Price Impact
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