Anand Rayons Forfeits Rs 3.78 Crore on 19.38 Lakh Lapsed Warrants

The Board forfeited ₹3.78 crore of upfront consideration and cancelled 19,38,334 unexercised warrants after the 18-month exercise period expired; 69,23,666 warrants were exercised, with no change to issued capital. Context: resolves the remaining warrant overhang.