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22/03/2024 18:46

Fredun Pharma - Board Meeting Outcome for Board Meeting Outcome For Allotment Of 5000 Equity Shares To Non-Promoter Upon Conv

This is to inform you that the Board of the Directors of the Company had pursuant to the approval of Shareholders in their Extra-Ordinary General Meeting held on September 23, 2022, has done allotment of convertible warrants on preferential basis to Non-promoters on March 22, 2024.\r\n\r\nFurther, we would like to inform that the Warrant Holder have paid the balance of the consideration aggregating to Rs 12,45,250/- and have applied for exercising their rights for conversion of 2,500 warrants into equivalent number of equity Shares.\r\n