A B Cotspin India Limited — Important, 17-03-2025: Committee Meeting Updates

The Preferential Issue Committee of AB Cotspin India Limited has approved the allotment of 18,59,999 equity shares, converting fully convertible warrants issued earlier. The issue price for these shares is ₹ 70 each, allocated to Mr. Deepak Garg, Ms. Sanya Jindal, and Mr. Shaurya Garg. Following this allotment, the company's paid-up equity share capital has increased to ₹ 16.41 crore, consisting of 1,64,19,340 equity shares.

This move strengthens the company's capital base, potentially bolstering investor confidence. The strategic financing through preferential allotment may support growth initiatives, providing a positive outlook for stakeholder interests.