Ecofinity Atomix Scraps Rs 16.61 Crore Warrant Plan For Smaller Issue

Board cancelled Sep 16 approval for 23,90,000 warrants at Rs69.50 for Rs16.61Cr; none allotted. Proposed fresh 15,87,100 warrants to 17 promoter/public allottees, price TBD, subject to approval. Resets pending raise weeks after approval with smaller size and revised list. Continues serial equity funding to support working-capital-led growth; promoter participation retained. Dilution still material despite cut; price, EGM date, conversion uptake undisclosed. Needs shareholder/regulatory nod; 1:1 conversion within 18 months.