Five-Star Business Finance Limited — QIP/Rights/Pref., 24-10-2024: Allotment of Securities

Five-Star Business Finance Limited has approved the preferential allotment of 410,000 share warrants to key executives, including the Chairman and Managing Directors. The warrants will be issued at INR 770 each, convertible into equity shares within 18 months. The allocations are as follows: 260,000 to the Chairman, 100,000 to the Joint MD & CEO, and 50,000 to the Joint MD & CFO. The company’s paid-up equity share capital remains unchanged until conversion.