Board approved preferential issue of up to 1,36,08,000 warrants convertible into one equity share of Rs 10 each to promoter-group and non-promoter allottees, subject to approvals. Repeat promoter-led funding after recent bonus and warrant conversions; three promoter-group entities take majority. Price and use of funds not disclosed; needs EGM approval. If fully converted, allottees would hold 25.55% with higher promoter-group stake; dilution and cash inflow hinge on undisclosed price and 18-month conversion terms.
Bizotic Commercial Approves 1.3608 Crore Preferential Warrants For Promoters
Bizotic Commercial Board Considers Preferential Equity And Warrant Fund Raise
Bizotic Commercial Board Approves 5:1 Bonus Issue Subject to Shareholder Nod
Bizotic Commercial Board to Consider Bonus Equity Share Issue