Resourceful Automobile Approves ₹1.53 Crore Promoter Warrant Issue

Board approved preferential issue of 3 lakh convertible warrants to promoter Rahul Sawhney at Rs 51 each, raising up to Rs 1.5 Cr, subject to shareholder approval. Warrants would increase the promoter's holding from 45.63% to 51.15%, resulting in majority control after conversion. Extraordinary General Meeting approval and regulatory clearances remain pending; the issue will cause equity dilution for existing shareholders.