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Mehai Technology informs about allotment of equity share warrants

31 Oct 2024 Evaluate
Pursuant to the Regulation 30 of Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 (SEBI LODR), Mehai Technology has informed that the Board of Directors of Mehai Technology (the Company) at its meeting held today i.e., on Thursday, the 31st day of October 2024, have approved the following: Allotment of 2,80,00,000 (Two Crore Eighty Lakh Only) Equity Share Warrants (Warrants) to the allottees at an issue price of Rs 35 per Warrant including a premium of Rs 25 per share for each Warrant with a right to the Warrant holder to apply for and be allotted 1 (One) Equity Share of the face value of Rs 10 each of the Company (Equity Shares) within a period of 18 (Eighteen) months from the date of allotment of the Warrants, aggregating to Rs 98,00,00,000 (Rupees Ninety-Eight Crore Only). The Company has received an upfront amount of Rs 24,50,00,000 (Rupees Twenty-Four Crore Fifty Lakh Only), i.e. 25% of issue price.

The above information is a part of company’s filings submitted to BSE.

Mehai Technology Share Price

1.56 0.13 (9.09%)
17-Apr-2026 16:59 View Price Chart
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