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Mehai Technology Limited has announced a board meeting approving the conversion of 2.41 crore warrants into an equal number of equity shares at an issue price of ₹3.5 each (face value ₹1 + premium ₹2.5), following receipt of 75% consideration amounting to ₹6.34 Cr. Post-conversion, the paid-up equity share capital stands at ₹37.05 Cr, consisting of 37.05 crore fully paid shares. Warrants totaling 20.65 crore (promoters and public) remain pending for conversion. The allotment includes 13 investors, with Dynamic Services & Security Limited (promoter) subscribing 1.3 crore shares.