Agribio Spirits Ltd — Updates, 17-05-2025: Company Update

Agribio Spirits Limited has announced a board meeting outcome approving the allotment of 3,60,000 equity shares following the conversion of fully convertible equity share warrants. The allotment was made to Hemant Sarvaiya, a non-promoter investor, at an issue price of Rs. 51 per share, which includes a premium of Rs. 41. This increases the company’s paid-up equity share capital to Rs. 10.88 Cr, comprising 1,08,84,237 equity shares of Re. 10 each. This capital infusion supports the company’s equity base and enhances shareholder value.