OthersOutcome without intimation
Tanvi Foods: 34,000 equity shares allotted on warrant conversion; 8,24,000 warrants lapse
Allotment on warrant conversion
- Allotted 34,000 equity shares on conversion of 34,000 warrants to Mr. M V V Raghava Rao (Non-Promoter).
- 75% of total consideration Rs 22.95 lakh received; balance 25% paid earlier at allotment.
- Balance warrants: 8,24,000 lapsed after 18 months; upfront 25% forfeited.
- Total warrants converted to date: 2,24,225 (including this allotment).
- Issue price Rs 90 per warrant; equity shares Rs 10 face value.