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Mudunuru Limited's board has approved the allotment of 11.20 lakh equity shares following the conversion of 11.20 lakh warrants. These shares, issued to the promoter category on a preferential basis at Rs. 12 each, have brought in Rs. 1.008 crore from balance payments. This conversion increases the company's paid-up equity capital from Rs. 6.32 crore to Rs. 6.544 crore, raising the total shares outstanding to 3.272 crore. This move injects funds into the company and boosts its capital base. Additionally, 80.80 lakh warrants remain outstanding for future conversion.