Milkfood Allots 22 Lakh Equity Shares On Warrant Conversion At Rs 30

Board allotted 22,00,000 equity shares of Rs 5 at Rs 30 on conversion of equal warrants to Sudhir Avasthi and Deepankar Barat (11 lakh each). Paid-up capital Rs 13.90Cr with 2,77,96,180 shares. Full conversion clears all pending warrants and completes September preferential funding. Both non-promoter holders raise stakes to about 8% and 6.5%, adding equity for working-capital needs. Share base expands causing dilution while balance cash aids tight liquidity; use of funds not disclosed. No warrants remain pending.