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The company's Preferential Allotment Committee has approved the allotment of 8,81,000 new equity shares. These shares, with a face value of Rs. 10 each, were issued at a price of Rs. 315 per share, including a premium of Rs. 305. This allotment stems from the conversion of 8,81,000 convertible warrants by non-promoter investors. The company received Rs. 20.81 Cr from this exercise, enhancing its capital base and providing funds for business operations. This move dilutes existing shareholding slightly but brings in significant capital.