Sabar Flex India Limited — Board Meeting, 07-12-2024: Outcome of Board Meeting

The Board of Directors of Sabar Flex India Limited has held a meeting where they approved the allotment of 58,00,000 convertible warrants, each convertible into one equity share at a price of ₹24 per warrant. This includes a face value of ₹10 and a premium of ₹14, raising a total of ₹13.92 crore from this issuance. The company has received ₹3.48 crore as a subscription price, amounting to 25% of the issue price for the allotted warrants. The approved allotment aims to enhance capital and liquidity for the company.