Company UpdateGeneral
Silicon Rental Solutions lapses 5,50,400 convertible warrants; ₹30,547,200 forfeited; no capital change
Warrant lapse and forfeiture
- Intimation of lapse and forfeiture of 5,50,400 convertible warrants under ICDR.
- Warrants issued January 15, 2025; 18-month exercise period ends July 15, 2026.
- Balance 75% consideration not received; upfront 25% ₹30,547,200 forfeited.
- Warrants lapse on expiry; holders cease to have conversion rights.
- No change in paid-up capital; forfeited amount retained by the company.
- Board to pass a resolution; Annexure A lists names and amounts.
- Table lists six holders; total lapsed warrants 5,50,400 and forfeited ₹30,547,200.