Flywings Simulator Approves Rs 68 Crore Convertible Warrants Preferential Issue

Board approved preferential issue of fully convertible warrants up to Rs 68.20 Cr for cash to promoter and public investors, subject to shareholder approval; price per SEBI ICDR norms. First post-IPO fundraise since listing, resolving the recently cancelled meeting; comes while IPO simulator corpus stays largely unused and core capex awaits orders, promoter taking largest share. Issue price, warrant terms, use of proceeds and dilution not disclosed; needs shareholder nod; leaves funding link to idle core capex vs new mobility and flying-school plans unclear.