Board allotted 18,00,000 convertible warrants to Vivaro Enterprises Ltd (non-promoter) at Rs30 per warrant, 25% received. Each converts to one Rs5 share within 18 months, 2.79% on full conversion. Fresh preferential warrants after earlier tranches were fully converted; fits history of repeated bonus and warrant-led share expansion rather than one-off. Small placement to a single outside holder. Brings modest upfront cash with balance only on conversion; use of proceeds and subscriber background not disclosed. Limited dilution but extends equity-funded pattern while project build consumes cash.
Alphalogic Techsys Loses Subsidiary Status as Industries Holding Drops to 49.57%
Alphalogic Techsys Board Clears ₹5.4 Crore Preferential Warrant Issue To Vivaro Enterprises