Photon Capital Advisors Ltd — Important, 20-03-2026: Company Update

The company's Board approved the preferential allotment of 12.07 lakh new equity shares at Rs. 115 each, raising Rs. 13.88 crore. The Board also allotted 19.90 lakh convertible warrants, priced at Rs. 115 each, receiving an initial Rs. 5.72 crore. These warrants can be converted into equity shares, potentially adding another Rs. 22.88 crore to the capital. This capital raise strengthens the company's financial position, supporting its operations and future growth plans.