StockWatch
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Pharmaceuticals
Corporate Action2 Jul 2026, 04:40 pm

Veerhealth Care Approves Allotment of 1 Cr Warrants at ₹20.25 Each

AI Summary

Veerhealth Care Ltd's Preferential Issue Committee has approved the allotment of 1,00,00,000 Fully Convertible Warrants to 10 individuals, comprising both promoters and non-promoters. Each warrant carries the right to subscribe to one equity share at an issue price of ₹20.25 per warrant. The meeting was held on July 2, 2026, and concluded within an hour. This preferential allotment is a significant corporate action aimed at raising capital or strengthening the company's financial structure.

Key Highlights

  • Approved allotment of 1 crore convertible warrants.
  • Issue price set at ₹20.25 per warrant.
  • Allottees include promoters and non-promoters.
  • Warrants are convertible into equity shares.
  • Meeting held on July 2, 2026.