Magson Retail Allots 33.46 Lakh Shares On Warrant Conversion Triggering Open Offer

Board allotted 33,46,166 shares at Rs93.25 on final warrant conversion; paid-up to 1,85,11,200 shares; no warrants remain; Rs23.40Cr received. Completes the large preferential warrant programme; promoter-group stake jumps to 31.39% triggering mandatory open offer; Kunvarji Finstock appointed manager. Expands equity base with dilution; listing approval pending; offer price, timeline and interest terms undisclosed; comes amid recent sale clearances by other promoters.