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Board approved Rs125cr preferential issue of 13,15,789 warrants at Rs950 to four non-promoters convertible in 18 months via postal ballot, plus appointed Ringkesh Jain independent director for five years. Context: replaces withdrawn warrant plan with larger raise but reintroduces warrant overhang.
Sahana System Approves ₹125 Crore Preferential Warrant Issue To Four Investors
Sahana System Withdraws 1,056,000-Warrant Preferential Issue, Evaluates Larger Capital Raise
Sahana System Cancels 10.56 Lakh Warrants, Evaluates Larger Capital Raise
Sahana System Withdraws 1,056,000-Warrant Preferential Issue, Considers Larger Raise
Sahana System Approves ₹92.93 Crore Preferential Warrant Fund Raise