Misquita Engineering has announced a board meeting on which approved the allotment of 6.47 lakh equity shares at Rs. 40 each on conversion of outstanding warrants, raising Rs. 25.88 Cr.

This increases the company's paid-up capital from Rs. 4.04 Cr to Rs. 4.69 Cr.

The shares were issued to two investors, Thomas C Avinash Misquita and Gail Lucia Misquita, following the warrant conversion terms.

This equity infusion strengthens the company’s capital base, supporting ongoing business operations and growth plans.