AMBANI ORGOCHEM LIMITED — QIP/Rights/Pref., 16-12-2024: Preferential issue

Ambani Orgochem Limited has approved the issue of 12,60,000 convertible warrants, each convertible into an equivalent number of equity shares, on a preferential basis. The issue price is set at ₹90 per warrant. A special resolution will be sought at the Extra Ordinary General Meeting scheduled for January 9, 2025, to secure shareholder approval. The warrants can be converted into shares at any time within 18 months from the allotment date, enhancing the flexibility for investors.