Baroda Extrusion Ltd — Important, 30-08-2025: Company Update

Promoter Parasmal Kanungo of Baroda Extrusion Limited has significantly increased his stake by converting a loan into company shares. He was allotted 2.42 crore new equity shares, which now constitutes 12.47% of the company's total voting capital post-allotment. This transaction boosts his individual holding from 0.70 crore shares (4.73%) to 3.13 crore shares (16.10%). For shareholders, this represents a substantial increase in promoter ownership and a proportionate dilution of existing equity, reflecting the conversion of debt into equity within the company.