Sonu Infratech Limited — Board Meeting, 29-03-2025: Outcome of Board Meeting
29-03-2025 · 06:30 pm
The Board has approved the allotment of 591,000 equity shares at an issue price of ₹75 each following the conversion of warrants. This conversion has resulted in an increase in the company’s issued, subscribed, and paid-up equity share capital to ₹10.35 crore, comprising 10,349,000 shares. The company received a total of ₹3.32 crore from the warrant holders for the conversion. These newly allotted shares rank equally with existing shares. This strategic move is expected to strengthen the company’s capital base.
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