Slone Infosystems Forfeits Rs 7.66 Crore After 18.68 Lakh Warrants Lapse

Of 19,99,200 warrants allotted 24 Mar 2025 at Rs164, only 1,31,194 were exercised for conversion to equity, with 18,68,006 lapsing 23 Sep 2026 and Rs7.66 crore upfront money forfeited. Context: minimal conversion leaves equity-funded growth plan short of expected proceeds.