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Darjeeling Ropeway Company informs about outcome of board meeting

20 Oct 2025 Evaluate

Darjeeling Ropeway Company has informed that the Board of Directors of the Company, at its meeting held today, Monday, 20th October, 2025, at the registered office of the Company situated at 104, Floor-1, Shreeji Darshan, Tata Road No. 2, Roxy Cinema Opera House, Girgaon, Mumbai, Maharashtra, India -400 004, which commenced at 10:30 am and concluded at 11:20 am, have considered and approved the allotment of 18,00,000 fully Paid-up Equity Shares pursuant to conversion of 18,00,000 convertible warrants (Out of a total 70,00,000 Convertible Warrants) having a face value of Rs 10.00 each, at an issue price of Rs 16.80 each (including premium of Rs 06.80 each), on receipt of the balance amount75.00% of the issue price per warrant, from Ashok Dilipkumar Jain, Viha Ashok Jain and Sonali Abhaykumar Parmar, the allottee(s) belonging to the non-promoter category, upon exercise of option to convert the Warrants into Equity Shares in accordance with the provisions of SEBI (ICDR) Regulations, 2018. Details of allotment as mentioned in Annexure - I. The allotment has been made for cash, upon receipt of the remaining exercise price of Rs 12.6 each (being an amount equivalent to 75.00% of the warrant exercise price of Rs. 16.80 each), aggregating to Rs 2,26,80,000 (Rupees Two Crores Twenty-Six Lakhs Eighty Thousand Only).

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

Darjeeling Industrii Share Price

30.90 0.47 (1.54%)
13-Apr-2026 12:56 View Price Chart
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