Bannari Amman Spinning Mills Limited — Important, 04-11-2024: General Updates

Bannari Amman Spinning Mills Limited has approved the allotment of 42,25,806 Convertible Equity Warrants at Rs.62 each, totaling approximately Rs.26.2 crore. The warrants will be issued on a preferential basis to both promoters and non-promoters, with the majority allocated to Murugan Enterprise Private Limited (32,25,806 warrants) and smaller amounts to two other non-promoter individuals.