ALPHA TRIBE

Mudunuru LtdOthers, 31-07-2025: Others

31-07-2025 | 04:17 pm

Mudunuru Limited's Board has approved the allotment of 11.20 lakh equity shares to promoters following the conversion of an equal number of warrants. These shares were issued at Rs. 12 each, with the company receiving Rs. 1.008 Cr as the balance payment. This conversion has increased the paid-up equity capital from Rs. 6.32 Cr (3.16 Cr shares) to Rs. 6.544 Cr (3.272 Cr shares). Investors should note that 80.80 lakh warrants remain outstanding, which could lead to further equity share conversions and capital expansion.

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