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Board approved a preferential issue of up to 6,00,000 convertible warrants at Rs 37 each, aggregating up to Rs 2.22 Cr, to promoter Kamlesh Keshavlal Lodhiya and non-promoter Anil Vrujlal Jogia. Warrants carry 1:1 conversion within 18 months, with 25% payable upfront. Authorized share capital will increase to Rs 7.4 Cr, subject to shareholder approval at the August 31 EGM.
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