Swastika Investmart Allots 90.5 Lakh Warrants At Rs63.64 For Rs57.6 Crore

Preferential committee allotted 90.5 lakh convertible warrants at Rs 63.64 aggregating Rs 57.59 Cr to 4 promoter-group and 14 non-promoter allottees; 25% upfront of Rs 14.40 Cr received. Follows Aug EGM approval and BSE in-principle on same terms; continues recurring warrant funding route after prior tranches fully converted, with promoter participation. Balance 75% payable on exercise within 18 months else warrants lapse and upfront forfeited; conversion, dilution and actual exercise cash remain to be seen.