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

The Management Committee of Bhartiya International Limited has announced a board meeting to approve the conversion of 7,75,000 out of 12,01,000 warrants into equity shares, resulting in an increase of the issued and paid-up capital to ₹12.98 crore, comprising 1,29,84,411 equity shares. Urbanac Projects Private Limited was allotted these shares at an issue price of ₹430 per share, having received ₹24.99 crore. With 4,26,000 warrants still outstanding, the remaining balance can be converted within 18 months. This development may enhance investor confidence, reflecting positively on the company's capital structure and future financial flexibility.