Sharika Enterprises Allots 1.22 Crore Shares Worth ₹17.47 Crore On Preferential Basis

Board allotted 1,21,92,125 equity shares at Rs 14.33 for Rs 17.5 Cr to 46 non-promoters and 28,12,315 warrants at Rs 14.33 for Rs 4 Cr. Completes the pivotal preferential raise for the stressed balance sheet; subscription below approval with promoters taking warrants only, a softer commitment signal. Material dilution with near-term liquidity relief; only 25% warrant money in, balance on conversion in 18 months; use of proceeds and listing approval not disclosed.