Servotech Renewable Power System Limited — QIP/Rights/Pref., 08-01-2025: Allotment of Securities

The Sub-Committee of the Board of Servotech Renewable Power System Limited has approved the conversion of 11,00,000 warrants into an equal number of equity shares at an issue price of ₹83.40 per share, receiving a total of ₹6.88 crore. The shares, allotted to non-promoter categories including Coeus Global Opportunities Fund and Aparna Jain, will increase the company's issued capital to ₹22.40 crore. With 18,00,000 warrants still outstanding for future conversion, the funds raised are expected to bolster the company's financial position.