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The company's board has approved the allotment of 200,000 equity shares to Mr. Chattar Singh at INR 16 per share. This allotment results from the conversion of warrants into equity after receiving the balance subscription amount. This preferential issuance increases the company's paid-up equity capital from INR 34.33 crore to INR 34.53 crore, simplifying its capital structure and strengthening its balance sheet through fund infusion.