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Gennex Laboratories has announced a board meeting that approved the allotment of 55 lakh equity shares to a promoter group company, Premier Fiscal Services Pvt. Ltd., upon conversion of warrants at an issue price of INR 14.75 per share. Post-allotment, Premier Fiscal’s shareholding increased from 20.02% to 21.83%. This preferential allotment strengthens promoter holding and supports the company’s equity base, potentially enhancing funding flexibility and investor confidence.