Jainam Ferro Alloys (I) Limited — QIP/Rights/Pref., 07-03-2025: Allotment of Securities

Jainam Ferro Alloys (I) Limited has announced a board meeting on March 7, 2025, approving the allotment of 11,50,000 equity share warrants at an issue price of Rs. 221 per share. The total amount received from this preferential issue is Rs. 12.70 crore, which includes an initial 50% payment of Rs. 110.50 per warrant from Wallfort Financial Services Limited, a non-promoter entity. This capital raise aims to bolster the company’s financial position and support future growth initiatives.