Suditi Industries Ltd — Important, 30-03-2026: Company Update
30-03-2026 | 06:03 pm
30-03-2026 | 06:03 pm
Suditi Industries has allotted 8,22,733 equity shares at Rs. 59.12 each, raising approximately Rs. 4.86 Cr. Concurrently, the company also allotted 25,04,667 warrants at the same price to non-promoter investors, receiving an upfront payment of about Rs. 3.70 Cr. Each warrant is convertible into one equity share within 18 months upon payment of the balance amount. This capital infusion strengthens the company's financial position, providing funds for future business operations and potential growth initiatives, while expanding the shareholder base.
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