Gujarat Natural Resources Ltd — Updates, 26-05-2025: Company Update

Natural Resources Limited has announced a board meeting that approved the allotment of 2.5 crore convertible warrants at Rs. 21.70 each on a preferential basis to two non-promoter investors: Vansh Ravi Agrawal (1 crore warrants) and JA Spaces LLP (1.5 crore warrants). The company has received an upfront payment of Rs. 13.56 Cr, which is 25% of the total issue price. Each warrant is convertible into one equity share within 18 months upon payment of the remaining amount. This move will help raise Rs. 54.25 Cr, supporting the company’s capital raising plans and future growth.