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Promoter-category warrant holders converted 48 lakh of the 1.23 crore warrants into equity at ₹27.50 per share, providing ₹9.90 crore in cash. Paid-up capital rose from ₹49.61 crore to ₹54.41 crore, with Pawan Agarwal subscribing to 30 lakh shares. Context: partially advances resolution of the outstanding warrant overhang.
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