Mumbai, March 10 -- Each warrant is convertible or exchangeable into one fully paid-up equity share of the company, with a face value of Rs 10, at a conversion price of Rs 150 per share, aggregating to a total value of Rs 7.50 crore.

The warrants are targeted for allocation to non-promoter stakeholders, with 2,50,000 warrants (representing 1.56% of the company) allotted to Saajan Subhash Rathod and another 2,50,000 warrants (also 1.56%) to Mayank Subhash Rathod.

The funds raised through this issuance will be directed towards meeting operational expenses and supporting capital expenditures necessary for expanding the capacity of company's manufacturing facility. The allotment is subject to the necessary shareholder approvals.

This strat...