Suyog Telematics Limited — QIP/Rights/Pref., 29-03-2025: Allotment of Securities

Suyog Telematics has announced a board meeting to approve the conversion of 3,29,884 warrants into equity shares at an issue price of ₹570 each. The total amount received from this conversion is ₹14.10 crore. Following this conversion, 5,84,756 warrants remain available for future conversion. The company's issued share capital will increase to ₹11.13 crore, with the new shares ranking equally with existing shares. This development may signal a strengthening financial position and could enhance investor confidence, presenting potential growth opportunities.