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Jigar Cables' Board approved converting 19.80 lakh warrants into an equal number of equity shares at Rs. 50.35 per share, receiving a total of 7.48 Cr from allottees. This preferential allotment included one promoter and three non-promoter investors. Following this, the company's paid-up equity share capital increased from 7.03 Cr to 9.01 Cr. Post-allotment, the promoter/promoter group's shareholding adjusted to 42.48%, with non-promoter holding at 57.52%. This capital infusion strengthens the company's financial position and shareholding structure.