Garg Furnace has informed that the Board of Directors of the Company at their meeting held on October 12, 2026, at the registered office of the company, has considered and approved the allotment of 13,98,000 warrants convertible into equal number of equity shares on preferential basis at an issue price of ?126.50 (Rupees One Hundred Twenty Six and fifty paise only) per warrant (including the warrant subscription price of ?31.63 per warrant, and the warrant exercise price of ?94.875 per warrant) aggregating to ?17,68,47,000 (Rupees Seventeen Crore Sixty-Eight Lakh Forty Seven Thousand Only) to persons belonging to promoter and non-promoter group (Allottees).
The above information is a part of company’s filings submitted to BSE.
