Norben Tea & Exports Limited — QIP/Rights/Pref., 31-01-2025: Allotment of Securities

Norben Tea & Exports Limited has approved the allotment of 37,94,100 convertible warrants at an issue price of ₹17 each. The warrants are to be converted into an equal number of equity shares and will be payable in two installments: 25% has been received, with the remaining 75% due within 18 months upon exercise. The allottees are non-promoters, including various individuals, with no specific purpose disclosed for the issuance. Upon conversion, the new equity shares will have the same rights as existing shares.