Swagtam Trading & Services Ltd — Board Meeting, 14-05-2025: Board Meeting

Swagtam Trading & Services has announced a board meeting outcome approving the allotment of 24,15,000 convertible warrants to non-promoters at Rs. 65 each, aggregating Rs. 15.7 Cr on a preferential basis. Warrants carry a 25% upfront payment, with the balance payable on conversion within 18 months; unconverted warrants will lapse and the initial payment forfeited. The company also constituted an Allotment Committee to oversee this process. This capital raise from non-promoter investors supports funding flexibility and potential equity dilution for shareholders.