Alphalogic Techsys Ltd — Important, 23-07-2026: Company Update

Alphalogic Techsys' Board approved a preferential issue of up to 1.8 Cr convertible warrants at Rs. 30 each, raising Rs. 5.40 Cr. These warrants will be allotted to Vivaro Enterprises Limited, a non-promoter entity, and will convert into an equal number of equity shares within 18 months. This strategic move aims to enhance the company's capital base. The proposal, which could result in Vivaro holding 2.79% of the post-conversion equity, requires shareholder approval through a postal ballot. This infusion of capital is crucial for supporting future business growth.