Shriram Asset Management Company has informed that the Securities Issue Committee of the Board of Directors of the Company at its meeting held today July 24, 2023 has allotted 1662634 no. of Equity Shares of face value of Rs 10 each, in lieu of conversion of the Securities, as details are enclosed. Further, the said Equity Shares allotted on conversion of Warrants and CCPS shall be subject to such lock-in/ transferability restriction as prescribed under Chapter V of the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2018 (as amended). The meeting commenced at 11:30 am and concluded at 12:10 pm.
The above information is a part of company’s filings submitted to BSE.
