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The company's board has approved the preferential allotment of 2,63,160 equity shares and 2,45,615 warrants convertible into equity shares. Each share and warrant was issued at Rs. 57. The company received 1.50 Cr from the equity share allotment and 0.35 Cr, representing 25% of the issue price, for the warrants. The remaining 75% for warrants will be paid upon conversion within 18 months. This move strengthens the company's capital base, raising funds for its operations.