Sun Retail Approves ₹46.98 Crore Preferential Warrant Issue

Board approved preferential issue of 46.98 crore fully convertible warrants to 15 investors at Rs 1 each, aggregating Rs 46.98 Cr, subject to shareholder approval. Each warrant converts into one equity share within 18 months; 25% is payable upfront and 75% on conversion in tranches. The issue could materially dilute existing shareholders; proposed investor-wise allocations are disclosed, while the post-conversion capital structure is not stated.