Shri Gang Industries & Allied Products Ltd — Important, 11-11-2025: Company Update

Shri Gang Industries' Preferential Issue Committee has approved the allotment of 13,13,131 Compulsorily Convertible Preference Shares (CCPS) to a promoter group entity. Priced at Rs. 99 each, these CCPS convert an outstanding unsecured loan of Rs. 13.00 Cr into equity. Additionally, the company allotted 7,50,000 fully convertible warrants for cash at Rs. 99 per warrant, raising Rs. 7.43 Cr from another promoter group member. These actions enhance the company's financial position by reducing debt and injecting fresh capital.