Creative Newtech Limited — Important, 29-01-2025: Updates

The Share Allotment Committee of Creative Newtech Limited has approved the allotment of 2,75,000 equity shares at a face value of Rs. 10 each, following the conversion of Fully Convertible Warrants issued at an issue price of Rs. 450 each. The allotment includes 1,50,000 shares to Mr. Sachin Kasera and 1,25,000 shares to Mr. Ajay Vora. This increases the company's paid-up equity share capital to Rs. 15.01 crore, divided into 1,50,16,675 equity shares. This move is expected to enhance the company’s financial strength and could indicate confidence from investors in its future performance. Stakeholders should monitor this development closely as it may influence market perceptions and investment strategies.