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The company announced that its proposed preferential issue of 3,00,000 Convertible Warrants will not proceed. Despite receiving in-principle approval and shareholder consent for issuing these warrants to non-promoter allottees at ₹222.5 per equity share, the company did not receive the subscription money within the required timeframe. Consequently, no warrants have been allotted, and no new equity shares will be issued against this specific plan. This means the anticipated capital infusion and potential shareholder dilution from this particular issue will not occur.