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Suditi Industries LtdImportant, 01-04-2026: Company Update

01-04-2026 | 07:17 pm

The company's Board has approved a preferential allotment, issuing 5,39,800 equity shares at Rs. 59.12 each, raising Rs. 3.19 Cr from non-promoter entities. Additionally, 14,68,897 warrants were allotted at an issue price of Rs. 59.12 each, representing a total potential value of Rs. 8.68 Cr. The company has received Rs. 2.17 Cr as the 25% upfront payment for these warrants. Warrants are convertible into equity shares within 18 months upon paying the balance. Both the new equity shares and warrants are locked-in. This capital infusion strengthens the company's financial position and supports future growth.

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