Norben Tea & Exports Limited — QIP/Rights/Pref., 27-03-2025: Allotment of Securities

Norben Tea & Exports Limited has announced a board meeting regarding the allotment of 12,18,100 equity shares, following the conversion of warrants. The shares were issued at an issue price of Rs. 17 each, resulting in an increase in the company's paid-up equity share capital to Rs. 12.97 crore, consisting of 1,29,68,100 shares.

This move enhances the company’s equity base, potentially improving its financial flexibility for growth initiatives. The conversion reflects ongoing interest from investors, notably non-promoters, indicating confidence in the company’s prospects. Overall, this update suggests a positive outlook for the company's market position and could boost investor sentiment.