Pavna Industries Reports ₹30.30 Crore Forfeiture After Warrants Lapse

CARE reported that 75% warrant consideration was not paid by the deadline, causing warrants to lapse and ₹30.30 crore to be forfeited on July 28, 2026. Effective proceeds fell to ₹119.80 crore; CARE flagged a potential GCP-limit breach, which the Board disputes. Context: resolves the pending warrant-proceeds uncertainty.