Hindustan Foods Limited — Important, 18-06-2025: General Updates
18-06-2025 | 07:07 pm
18-06-2025 | 07:07 pm
Hindustan Foods has allotted 19.79 lakh equity shares upon conversion of convertible warrants to Qualified and Non-Qualified Institutional Buyers, raising ₹82.50 Cr at a significant premium. Post-allotment, the paid-up equity share capital stands at ₹23.90 Cr (11.95 crore shares). Additionally, 5.32 lakh warrants held by a non-promoter investor lapsed due to non-exercise, leading to forfeiture of ₹7.5 Cr upfront payment. This capital infusion strengthens the company’s equity base and supports growth without altering promoter holding.
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