Sai Swami Metals and Alloys Ltd — Others, 05-04-2025: Outcome of Meeting of Board of Directors in accordance with Regulation 30 Obligations of the SEBI (Listing and Disclosure Requirements) Regulations, 2015

Sai Swami Metals and Alloys Ltd. has announced a board meeting outcome, approving the allotment of 26,50,000 equity shares at a face value of INR 10 each, following the conversion of fully convertible equity warrants. This conversion involves several allotments to non-promoter individuals and a corporate entity, totaling an issue price of INR 55.50 per share. Consequently, the company's paid-up equity share capital has increased from INR 6.61 crore to INR 9.27 crore. Investors may view this development positively as it indicates capital expansion and potential for future growth, though they should monitor the conversion of remaining warrants within the stipulated timeframe.