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The Sub-Committee of the Board of Directors of Servotech Power Systems Limited has confirmed the allotment of 58,50,000 fully convertible warrants at an issue price of ₹167.40 each on a preferential basis to a promoter. Each warrant entitles the holder to subscribe to one equity share within 18 months, subject to payment of the remaining 75% of the issue price. Current equity capital remains unchanged as the issued warrants will be locked in for a specified period. This decision aligns with the earlier postal ballot approval secured on October 23, 2024, enhancing promoter equity stake post-conversion.
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