Company Update

Sunrise Efficient Marketing Limited has announced a board meeting approving the conversion of 33.48 lakh convertible warrants into an equal number of equity shares at Rs. 106 each to non-promoter investors upon full payment.

This dilution increases the equity base and brings in fresh capital, potentially supporting business expansion or debt management.

The corrected share allotment list replaces an earlier communication, ensuring accurate record-keeping.

This move reflects the company’s effort to strengthen its financial position by converting warrants into equity from a wide range of non-promoter subscribers.