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The company converted 13.33 lakh warrants held by promoter Murtuza Shaukatali Mewawala into equity at ₹70 each, receiving ₹6.997 crore and raising total proceeds to ₹9.33 crore. Paid-up capital increased to ₹9.65 crore across 2.41 crore shares. Context: first conversion from the outstanding warrant pool.
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