Ind Agiv Commerce Ltd — Updates, 12-05-2025: Company Update

IND-AGIV COMMERCE LIMITED has announced a board meeting outcome approving the allotment of 20,56,965 equity shares at Rs. 29 each, including 1,00,000 shares to a non-promoter and 19,56,965 shares to promoters and non-promoters against loan conversion, raising ₹5.67 Cr. However, allotment of 7,05,000 shares was canceled due to non-payment by allottees, resulting in these shares being recorded as unpaid in the balance sheet. Additionally, 2,38,000 shares linked to loan conversion remain as outstanding loans. Paid-up equity capital now stands at ₹3.06 Cr with 30,56,965 shares. The Managing Director is authorized for post-allotment compliance.