Sampann Utpadan India Limited — Board Meeting, 17-02-2025: Outcome of Board Meeting

The board has approved the allotment of 1.05 crore Fully Convertible Warrants at an issue price of ₹33.88 each, to specific investors following a special resolution by shareholders. The warrants will convert into an equivalent number of equity shares upon receiving the remaining 75% of the issue price, within 18 months. The total amount raised from this allotment is approximately ₹35.57 crore, enhancing capital resources while the company's paid-up share capital remains unchanged for now. This move underscores the company's strategy to bolster funding through preferential allotment.