The company's Share Allotment Committee has approved the allotment of 5 lakh new equity shares of Rs. 10 each.

This follows the conversion of warrants by an investor, Mr. Ashok Atluri, who paid the balance exercise price of Rs. 6.81 Cr.

This conversion is part of the previously issued warrants at an issue price of Rs. 181.71 per warrant.

As a result, the company's paid-up equity share capital has increased to Rs. 21.80 Cr, comprising 2.18 Cr fully paid-up equity shares.

This fresh capital infusion strengthens the company's financial position.