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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.