Rudra Ecovation Ltd — Important, 13-01-2026: Company Update

The company announced that 2,687,000 convertible warrants, initially issued at Rs. 48 per warrant, were not converted into equity shares by certain holders within the stipulated 18-month timeframe. Consequently, the 25% initial subscription amount paid on these unexercised warrants has been forfeited to the company. This action relates to an earlier allotment of 2,07,65,000 warrants, for which Rs. 24.92 crore was initially received as subscription. The forfeiture benefits the company by retaining these funds and avoiding potential equity dilution from these specific warrants.