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Preferential Allotment Committee approved conversion of 1.5 Cr warrants into equity shares at Rs 2.80 per share, receiving Rs 3.2 Cr from two non-promoter investors. Total warrants converted reached 7.85 Cr, while 1 Cr remains outstanding. Paid-up capital increased from Rs 20.6 Cr to Rs 22.1 Cr, implying further potential dilution.