JHS Svendgaard Approves Purple Rock Interest Waiver, Allots 23.01 Lakh Warrants

The company allotted 23.01 lakh non-promoter warrants at ₹25 each, receiving ₹1.44 crore upfront, with potential conversion into 23.01 lakh shares within 18 months after ₹5.75 crore balance payment. It also proposed permanently waiving all current and future interest on ₹13.5 crore of 7% debentures, subject to shareholder approval.