Garg Furnace Ltd — Insider Trade, 01-01-1970: Insider Trading / SAST

Garg Furnace Limited's promoter group, including Vaneera Garg, has converted 12 lakh warrants into equity shares. This conversion issued 12 lakh new shares at Rs. 195 each, infusing Rs. 23.40 crore into the company. This move solidifies the promoter group's direct shareholding, demonstrating continued commitment and increasing the total outstanding equity capital. This strategic conversion strengthens their control and provides capital for the company's operations, reflecting confidence in its future outlook.