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Board approved a preferential issue of up to 3,212,955 convertible warrants to promoter Deepak Arora at ₹77.81 each, potentially raising ₹25 crore, subject to shareholder and regulatory approvals. Warrants are exercisable within 18 months; 25% is payable on allotment, with proceeds for working capital and general corporate purposes. Context: amid recent credit pressure.
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