Grill Splendour Services Limited — Board Meeting, 23-01-2025: Outcome of Board Meeting

The Board of Directors has announced a board meeting during which they approved the allotment of 34,00,000 Fully Convertible Warrants at an issue price of ₹85.61 per warrant, aggregating to ₹29.10 Crore. The company has received upfront payments of ₹7.27 Crore, representing 25% of the issue price. Each warrant is convertible into one fully paid-up equity share within 18 months. The set of investors includes both promoter and non-promoter categories, indicating strategic fundraising aimed at strengthening the equity base.