Felix Industries Limited — Important, 27-08-2025: Disclosure of material issue

Felix Industries (#FELIX) board meeting outcome:

**Issue:** FELIX allotted 33.15 lakh new equity shares at Rs 175/share to promoters and non-promoters upon conversion of previously issued warrants.

**Impact:** This successful conversion brings in approximately Rs 57.01 Cr of capital, which is positive for the company's finances and can fund future growth. However, approximately 9.36 lakh warrants were forfeited because the respective holders did not pay the full consideration within the 18-month deadline. This means the company missed out on potential capital from those specific warrants.

**Company's Response:** The board proceeded with the conversion of warrants where payments were received, and strictly enforced the forfeiture for those that weren't. This action maintains financial discipline and addresses outstanding warrant obligations as per terms. #CapitalRaise #Equity