Alphalogic Industries Allots 3.3 Lakh Shares To Vivaro Ceases Subsidiary Status

Board allotted 3,30,000 equity shares at Rs 28 on conversion of equal warrants by Vivaro Enterprises (non-promoter) for Rs 69.3 lakh, raising paid-up capital to 1,05,19,200 shares. First conversion of 18 lakh warrant tranche by non-promoter; promoter stake dips below 50% ending subsidiary status though promoter tag stays; continues frequent equity-issuance pattern. Adds ~3.2% shares with Rs 69.3 lakh cash in; 14.7 lakh promoter-group warrants pending conversion within original 18-month window; use of funds not disclosed.