Shigan Quantum Technologies Limited — QIP/Rights/Pref., 18-11-2024: Conversion

Shigan Quantum Technologies Limited has approved the conversion of 933,000 convertible warrants into equity shares at an issue price of ₹81.22 per share. The total amount raised from this conversion is approximately ₹5.68 Crore, following the receipt of the remaining exercise price of ₹60.915 per warrant, which accounts for 75% of the total issue price. The allotment includes various non-promoter and promoter investors, with the total subscription amount reaching approximately ₹7.57 Crore. This action strengthens the company's capital base by increasing equity participation.