IZMO Limited — Important, 13-11-2024: Updates

The Board has approved the allotment of 703,050 equity shares, valued at Rs. 4.64 crore, following the conversion of warrants by the promoters, Mrs. Shashi Soni and Mrs. Kiran Soni. Each warrant was converted at an exercise price of Rs. 88 per share, comprising a subscription price of Rs. 22 already paid for each warrant and an additional Rs. 66 paid upon conversion. Following this transaction, the company's paid-up capital increases from Rs. 14.14 crore to Rs. 14.85 crore. This strategic move enhances the resources of the company, improving financial stability and positioning for future growth. Investors should watch closely for subsequent developments in capital utilization and potential impacts on shareholder value.