Bhartiya International Limited — Important, 19-03-2025: Committee Meeting Updates

The Management Committee of Bhartiya International Limited has approved the conversion of 7,75,000 warrants into an equal number of equity shares at an issue price of Rs. 430 per share, resulting in an inflow of Rs. 24.99 crore. Urbanac Projects Private Limited, the allotted entity, exercised its rights, leaving 4,26,000 warrants still available for conversion. Following this transaction, the company's paid-up capital has increased to Rs. 12.98 crore, comprised of 1,29,84,411 equity shares.

This move strengthens Bhartiya’s capital structure, enhancing liquidity and potentially bolstering investor confidence. The proactive engagement by promoters to convert warrants also indicates a commitment to long-term growth, which may present a positive outlook for stakeholders.