Gujarat Terce Laboratories Ltd — Important, 16-12-2025: Company Update

The company's Board has approved the conversion of 3,71,000 Fully Convertible Warrants into 3,71,000 equity shares for Mr. Aalap Natubhai Prajapati, the Promoter & Managing Director. These shares were issued at ₹37.70 each, with a face value of ₹10. The company received the balance payment of ₹1.05 Cr, completing the total consideration of ₹1.40 Cr, including an upfront payment of ₹0.35 Cr. This allotment increases the company's issued, subscribed, and paid-up capital from ₹7.42 Cr to ₹7.79 Cr, boosting the promoter's shareholding from 37.03% to 40.03%. These new shares will have the same rights as existing equity shares.