Pavna Industries Limited — Board Meeting, 29-01-2025: Outcome of Board Meeting

The Board of Directors of Pavna Industries Limited has approved the allotment of 17,72,200 equity shares at an issue price of Rs. 505 per share to the "Non-Promoter, Public Category," raising the fully paid-up capital to Rs. 13.95 crore. Additionally, 24,00,000 fully convertible warrants were allotted to the "Promoter/Promoter Group" at the same issue price, with a total subscription amount of Rs. 30.30 crore. The warrants can be converted into equity shares within 18 months, subject to specified conditions. This move is expected to strengthen the company's capital base and support future growth initiatives.