Garg Furnace Allots 13.98 Lakh Warrants Worth Rs 17.68 Crore

Board on 12 Oct 2026 allotted 13,98,000 warrants at Rs126.50 for Rs17.68 Cr; 25% Rs4.42 Cr received; 12L to four promoters, 1.98L to five non-promoters. Clears AGM-approval overhang after silence; continues serial promoter-led warrant funding seen before with full conversion; upfront cash supports Vaneera build. Upfront eases thin cash; full raise hinges on Rs94.88 balance on exercise; dilution on conversion; exercise schedule and use of proceeds not detailed.