Spectrum Electrical Industries Limited — Board Meeting, 24-07-2025: Outcome of Board Meeting

Spectrum Electrical Industries' board has approved the allotment of 1,07,250 equity shares. This follows the conversion of warrants by the promoter and promoter group. The company received the balance Rs. 9.01 Cr from these conversions, bringing the total funds raised from this issue to Rs. 12.01 Cr at Rs. 1,120 per share. This allotment increases the paid-up capital and boosts promoter/promoter group holding from 72.53% to 72.72%, signaling strong insider confidence.