Medicamen Organics Limited — Board Meeting, 13-03-2025: Outcome of Board Meeting

The company has announced a board meeting outcome regarding the allotment of 4,65,910 fully convertible warrants to a promoter category individual, Mr. Bal Kishan Gupta, at an issue price of ₹64.39 per warrant. This allotment follows member approval obtained through a postal ballot and prior in-principle approval from the National Stock Exchange. The warrants are convertible into equity shares at a later date, with terms specified under SEBI regulations. These warrants will be locked-in for a designated period.