Telogica Ltd — Important, 04-11-2025: Company Update

Telogica's board approved the conversion of 81,46,956 convertible warrants into an equal number of equity shares at Rs. 8 each. This conversion, involving promoter and non-promoter entities like Logiclinx Corporation, Mandava Srinivasa Rao, and Devineni Venkateswara Rao, resulted in the company receiving approximately Rs. 6.52 crore. Following this allotment, Telogica's paid-up equity share capital will increase from Rs. 28.59 crore to Rs. 32.66 crore, enhancing the company's equity base. Holders have 18 months from the initial allotment date to convert remaining warrants.