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The Board has approved the allotment of 35,86,960 Fully Convertible Warrants at Rs. 100 per warrant, including a Rs. 90 premium. These warrants are convertible into equity shares with a face value of Rs. 10 each and have been allotted to promoter and non-promoter entities. The company has received an upfront payment of 25% of the issue price, totaling Rs. 8.97 Cr. The balance 75% is payable by warrant holders upon conversion within 18 months. This move brings immediate funds to the company and has implications for future equity dilution upon full conversion.