Quicktouch Technologies Limited — QIP/Rights/Pref., 25-03-2025: Conversion

Quicktouch Technologies has announced a board meeting on March 25, 2025, to confirm the conversion of 10,00,000 warrants into an equal number of equity shares at an issue price of Rs. 196.17 each. This conversion requires Rs. 14,71,27,500 from the allottees, which represents the 75% balance due per warrant. Following this transaction, the company's issued and paid-up capital will rise to Rs. 11,81,59,960, comprising 1,18,15,996 equity shares of Re. 10 each.

This move is expected to enhance the company’s liquidity and support growth initiatives, reflecting a potentially positive outlook. Investor sentiment may benefit as this conversion demonstrates solid promoter backing, although ongoing warrant conversions pose a dilution risk.