SC Agrotech Ltd — Important, 03-12-2025: Company Update
03-12-2025 | 07:25 pm
03-12-2025 | 07:25 pm
SC Agrotech's Board has approved the allotment of 7 Crore fully convertible equity warrants. These warrants, issued to 19 non-promoter investors on a preferential basis, carry an issue price of Rs. 16 per warrant, including a Rs. 6 premium. The company has already received 25% of the consideration upfront. Each warrant is convertible into an equity share within 18 months, providing future capital infusion. While this currently causes no change in paid-up capital, it positions the company for growth by expanding its equity base upon conversion.
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