Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 ('SEBI Listing Regulations'), Praveg has informed that upon receipt of an amount aggregating to Rs 7,73,85,000 at the rate of Rs 201 per warrant (being 75% of the issue price per warrant as 'Warrant Exercise Price') and duly signed application form from Kamlaben Vitthalbhai Patel (Promoters/Promoter Group), warrant holder, as per the terms of issue of Warrants, the Securities Allotment Committee of the Board of Directors of the Company, has on June 21, 2023, considered and approved the allotment of 3,85,000 Equity Shares of Rs 10 each, upon conversion/ exchange of/ for equal number of Warrants.
The above information is a part of company’s filings submitted to BSE.
