Bizotic Commercial Ltd has announced a board meeting approval to raise funds by issuing up to 1,36,08,000 convertible warrants on a preferential basis to promoter group and non-promoter entities.

Each warrant converts into one equity share of face value Rs. 10 within eighteen months, with 25% payable upfront and the remaining balance upon conversion.

This capital infusion will increase the promoter and non-promoter shareholding, expanding the total equity base and supporting future growth initiatives, pending necessary shareholder approvals at an upcoming extra-ordinary general meeting.