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Agribio Spirits informs about outcome of board meeting

17 May 2025 Evaluate

Pursuant to Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, Agribio Spirits has informed that the Board of Directors of the Company at its meeting held today 17th May, 2025, at the registered office of the Company situated at 111, Signature Tower, DC-2 Lal Kothi Scheme, Tonk Road Jaipur - 302015 (Rajasthan), consider and approved the following businesses: 1. Allotment of 3,60,000 Equity Shares consequent to conversion of Fully Convertible Equity Share Warrants (‘Warrants’) - In continuation to the letter dated October 14, 2024, with respect to allotment of 22,25,000 convertible warrants (‘Warrants’), at an issue price of Rs. 51/- per Warrant, each convertible into equal number of equity shares having face value of Re. 10/- each, in this regard, it has informed that one of its Warrant Holder have paid the part consideration and have applied for exercising their rights for conversion of warrants into equivalent number of Equity Shares. Consequently, the Board of Directors of the Company through resolution passed today approved the allotment of 3,60,000 equity shares to Hemant Sarvaiya Non-Promoter (allottees). The equity shares so allotted shall rank with the existing equity shares of the Company in all respects. Consequently, the Issued and Paid-up equity share capital of the Company stands increased to Rs. 10,88,42,370/- consisting of 1,08,84,237 equity shares of Re. 10/- each. The details as required under Listing Regulations read with SEBI Circular No. SEBI/HO/CFD/CFDPoD1/P/CIR/2023/123 dated July 13, 2023 are given in Annexure – A to this letter.

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


Agribio Spirits Share Price

288.25 4.30 (1.51%)
07-May-2026 16:59 View Price Chart
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