Ganga Pharmaceuticals Ltd — Updates, 19-07-2025: Company Update

Ganga Pharmaceuticals has announced that 7,00,000 warrants, previously issued at Rs. 14 each, were not exercised and converted into equity shares by the allottees within the stipulated 18-month period. Consequently, the initial 25% payment made on these warrants, amounting to Rs. 24.50 lakh (0.245 Cr), has been forfeited by the company. This action means Ganga Pharmaceuticals retains these funds, and the potential equity dilution from these specific warrants will not occur, impacting the company's capital structure.