Nidhi Granites has informed that Board of Directors of the Company at their meeting held today 17th December, 2022, approved the allotment of 10,23,333 equity shares of Rs 10 each, at the issue price of Rs 29 per Share pursuant to conversion of Warrants into Equity shares. As per the Regulation 169(2) of the SEBI (ICDR) Regulations, 2018, 25% of the allotment price has been paid by the allottees into the Bank account at the time of subscription. Further the holder of 10,23,333 convertible warrants have paid the amount and exercise their right of conversion. Details are enclosed in the Annexure - I. Upon the conversion, the paid-up Equity Shares of the Company will increase from 7,50,000 to 17,73,333 Equity shares. The meeting commenced at 1.30 pm and concluded at 2.00 pm.
The above information is a part of company’s filings submitted to BSE.
