Cranex Ltd — Important, 24-04-2026: Company Update

The company's Board approved the allotment of 14.50 lakh equity shares at an issue price of Rs. 102 each, which includes a Rs. 92 premium, following the conversion of warrants by promoter and non-promoter investors. This boosted the paid-up capital from Rs. 6.57 crore to Rs. 8.02 crore. The conversion of these warrants generated Rs. 11.09 crore for the company. Concurrently, 7.60 lakh warrants were forfeited as holders did not convert them into equity shares within the prescribed 18-month period.