Paradeep Parivahan Ltd — Important, 21-03-2026: Company Update

Paradeep Parivahan’s board approved the allotment of 10.40 lakh convertible equity warrants on a preferential basis, priced at Rs 156.46 per warrant, amounting to Rs 16.27 Cr. The company has already received Rs 4.07 Cr, representing 25% of the issue price. Each warrant can be converted into one equity share within 18 months upon payment of the remaining 75%. This capital infusion strengthens the company's financial position. Promoter Khalid Khan was allotted 8 lakh warrants, and public investor Jigish Shantilal Sonagara received 2.40 lakh warrants.