S J Logistics (India) Limited — Important, 29-03-2025: Updates

The Board of Directors of S J Logistics (India) Limited has approved the allotment of 20,000 equity shares upon the conversion of warrants held by Mr. Rajen Hasmukhlal Shah, a promoter, at an issue price of ₹576 per share, which includes a premium of ₹566. The total amount received for this conversion is ₹86.4 lakh. Following this allotment, the company's issued and paid-up equity share capital increases to ₹15.24 crore, comprising 1.52 crore fully paid-up equity shares of ₹10 each. There are still 5.8 lakh warrants pending conversion, which provides the holder the opportunity to convert them into equity shares within the next 18 months by paying the remaining amount of ₹432 per warrant. This strategic move strengthens the equity base and could enhance investor confidence.