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The company's board has approved the conversion of 2.8 Cr convertible warrants into an equal number of equity shares. Each warrant converts into one equity share at ₹15 per share. These new shares have been allotted to the company's promoters, resulting in a total capital infusion of ₹3.15 Cr. This move increases the company's equity capital and solidifies promoter holding, impacting the overall share structure.