Shipwaves Online Approves ₹14.99 Crore Preferential Convertible Warrant Issue

Board approved preferential issue of up to 3.33 Cr convertible warrants at Rs 4.50 each, raising up to Rs 15 Cr, subject to shareholder and regulatory approvals. First equity raise since listing and a shift from internally funded growth; promoter-group entity Mukka Proteins will receive most warrants. Full conversion would increase equity shares from 14.15 Cr to 17.48 Cr; 75% is payable on conversion and use of proceeds is not disclosed.