Darjeeling Ropeway Company Ltd — Important, 20-10-2025: Company Update

Darjeeling Ropeway Company's board approved the allotment of 18,00,000 fully paid-up Equity Shares. These shares resulted from the conversion of 18,00,000 convertible warrants at an issue price of Rs. 16.80 each, including a premium of Rs. 6.80. The company received the balance 75% of the issue price from non-promoter allottees, amounting to Rs. 2.268 Cr. This conversion boosts the paid-up equity share capital from Rs. 3.05 Cr (30,50,000 shares) to Rs. 4.85 Cr (48,50,000 shares). This move expands the shareholder base and strengthens the company's capital structure.