S J Logistics (India) Limited — Important, 26-03-2025: General Updates

S J Logistics (India) Limited has announced a board meeting to approve the conversion of 20,000 warrants into equity shares, resulting in the allotment of 20,000 shares at ₹576 each. The total funds received amount to ₹86.40 million (Cr), increasing the company's paid-up equity share capital to ₹152.23 million (Cr). Mr. Rajen Hasmukhlal Shah, from the promoter category, is the allottee. There are still 600,000 warrants pending conversion, which can be exercised within 18 months at ₹432 per warrant. This capital infusion may enhance investor confidence, adding liquidity and promoting growth opportunities.