Commercial Syn Bags Limited — Board Meeting, 20-03-2025: Outcome of Board Meeting

The Board of Directors has announced a board meeting outcome, confirming the allotment of 20,00,000 fully convertible warrants at ₹72 each, convertible into an equal number of equity shares at a face value of ₹10 each, along with a premium of ₹62 per share. The upfront amount received on each warrant is ₹18, totaling ₹3.6 crore. This preferential issue is primarily directed towards certain promoters and promoter groups, with warrants to be exercised within 18 months of allotment. The issuance aligns with previous approvals from BSE and NSE.