Rox Hi-Tech Allots Preferential Shares And Warrants Worth Rs 17.81 Crore

Board allotted 19.5 lakh equity shares at Rs40.03 each (Rs7.81 Cr) and 25 lakh convertible warrants at Rs40.03 each (Rs10.01 Cr) to public allottees on preferential basis. First equity infusion since IPO and a step change in capital base. Adds cushion for working-capital-heavy project model reliant on short-term borrowings and pending capex objects. Creates dilution overhang till warrants convert to equity. Price rationale, use of proceeds, warrant tenure and money received not disclosed.