The company's Executive Committee has approved the conversion of 16,66,667 warrants into 83,33,335 new equity shares.

This follows earlier corporate actions including a stock split and bonus issue, where each original warrant now converts into five equity shares of Rs. 5 each.

An amount of Rs. 50.00 Cr and 100 was received from promoter JHV Commercials LLP for this conversion.

Post-allotment, the company's paid-up equity share capital increased from Rs. 36.04 Cr to Rs. 40.20 Cr, reflecting growth in its capital base.

Over 2.18 million warrants still remain pending for conversion.