Darjeeling Ropeway Company Ltd — Important, 21-01-2026: Company Update

The company has allotted 30,12,010 new Equity shares following the conversion of warrants. Issued at Rs. 16.80 per share to non-promoter allottees, this move expands the company's equity base. It brings in fresh capital, bolstering the balance sheet and supporting future business operations. This also diversifies the ownership structure, as the new shares are held by non-promoter entities.