Pennar Industries Allots ₹50.4 Crore Warrants, Promoter Pledges 31.73 Lakh Shares

Pennar Industries allotted 3,000,000 convertible equity warrants to promoter entity Pennar Holdings at Rs. 168 each, potentially raising Rs. 50.40 crore. Separately, promoter Aditya Rao pledged 3,173,000 shares (2.35% stake) with Bajaj Finance for personal borrowing.