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

Cranex Limited reports that 7.60 lakh convertible warrants, previously issued at Rs. 102 each, were not exercised by their holders within the specified conversion period. Consequently, the initial 25% subscription amount paid on these unexercised warrants has been forfeited by the company. This action prevents potential equity dilution from these specific warrants and adds funds to the company's treasury, aligning with the original issuance terms.