ALPHA TRIBE

Vinyas Innovative Technologies LimitedOthers, 11-07-2025: Corrigendum

11-07-2025 | 07:01 pm

Vinyas Innovative Technologies has announced a board meeting to approve a preferential issue of warrants convertible into equity shares to promoter and non-promoter categories for cash consideration. The issue price is set at ₹1,100 per share, aligned with an independent valuation report. Proceeds from the issue may be temporarily invested in money market instruments or bank deposits until utilized. Warrants require 25% payment upfront, with the balance payable upon conversion within 18 months. Post-issue shareholding will see promoters holding around 29.12% and public shareholders about 70.88%. Relevant certificates and valuation reports will be available for shareholder inspection.

No comments yet. Be the first to comment!

All announcements from Vinyas Innovative Technologies Limited