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Akshay Patel

2nd Dec · SEBI-Registered Analyst

EMBDL
announced that 4,75,27,464 convertible warrants issued to public shareholders have lapsed due to non-conversion within the prescribed period. The company has forfeited INR 132.49 crore, representing the 25% upfront consideration paid at the time of warrant allotment. This action complies with SEBI ICDR Regulations and affects warrant-holders who failed to exercise their conversion rights within the specified timeframe. Please note that the information shared is intended solely for informational purposes and does not make any investment recommendations.

#StockInNews#Miscellaneous
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