Srestha Finvest has informed that the Board of Directors of the Company in their meeting held today, Monday, September 18, 2023, considered and approved the allotment of conversion of 25,00,00,000 Fully Convertible Warrants into 25,00,00,000 equity shares of face value of Rs 2 each, to Non-Promoters, Public Category, on preferential basis, upon receipt of balance amount aggregating to Rs. 37,50,00,000 (Rupees Thirty-Seven Crores and Fifty Lacs only) at the rate of Rs 1.50 (Rupees One and Fifty Paisa Only) per warrant (being 75% of the issue price per warrant) from the allottees pursuant to the exercise of their rights of conversion into equity shares in accordance with the provisions of SEBI (ICDR) Regulations, 2018 and list of allottees is enclosed as Annexure - I.
The above information is a part of company’s filings submitted to BSE.