Jainam Ferro Alloys (I) Limited — QIP/Rights/Pref., 28-04-2025: Allotment of Securities

Jainam Ferro Alloys (I) Limited has announced a board meeting to approve the allotment of 1,150,000 equity shares following the conversion of warrants by Wallfort Financial Services Limited. The shares have been issued at an issue price of ₹221 each, including a premium of ₹211. This conversion increases the company's paid-up equity share capital from ₹10.56 Cr to ₹11.71 Cr. The newly allotted shares rank equally with existing shares, enhancing the company's capital structure and providing additional equity for operations.