Madhusudan Masala Limited — Board Meeting, 16-12-2024: Outcome of Board Meeting

Madhusudan Masala Limited's board has approved the allotment of 17,45,000 fully convertible warrants at an issue price of ₹181 each, including a premium of ₹171. The allotment is on a preferential basis to both promoters and non-promoters, following the approval from shareholders at the Extraordinary General Meeting. The warrants allow the allottee to convert them into an equal number of equity shares upon payment of the remaining 75% of the issue price within 18 months. This move is expected to enhance the company's capital base and support its growth initiatives.