Vishnu Chemicals Limited — QIP/Rights/Pref., 24-01-2025: Allotment of Securities

The Board of Vishnu Chemicals Limited has approved the allotment of 17,88,089 equity shares at an issue price of Rs. 428.60 each, following the conversion of 7,66,37,500 compulsory convertible preference shares (CCPS). Promoters received the shares, increasing the total equity shares from 6,55,27,195 to 6,73,15,284. This allotment is part of a broader strategy linked to the conversion terms established earlier, enhancing the company's capital structure. The newly issued shares will be under lock-in as per applicable regulations.