Srestha Finvest has informed that the Board of Directors of the Company in their meeting held on today Tuesday, June 13, 2023, considered and approved the businesses, to issue and allot up to 25,00,00,000 (Twenty-Five Crores only) fully Convertible Warrants (‘Warrants’), carrying a right exercisable by the Warrant holder to subscribe to one Equity Share per Warrant, to persons belonging to ‘Non-Promoter, Public Category’ on preferential basis at an issue price of Rs. 2 (Rupees Two Only) per Warrant, subject to shareholders' approval and other statutory approvals, in accordance with provisions of Chapter V of SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018, as amended up-to-date and applicable provisions of Companies Act, 2013 and rules made there-under, aggregating amount of up to Rs. 50,00,00,000 (Rupees Fifty Crores only) for cash.
The above information is a part of company’s filings submitted to BSE.
