Sabar Flex India Limited — Board Meeting, 06-12-2024: Outcome of Board Meeting

The Board of Directors of Sabar Flex India Limited has approved the allotment of 58,00,000 convertible warrants, each convertible into one equity share at a face value of ₹10, at an issue price of ₹24 per warrant, which includes a premium of ₹14. This move is part of a preferential allotment to select non-promoter allottees, raising an aggregate of ₹13.92 crore. The warrants represent an additional potential share capital but will not change the paid-up capital until exercised. These actions align with previously approved shareholder resolutions.