Warrant Lapse3 April 2026 at 01:14 pm
VIP Clothing Ltd Forfeits ₹12.83 Crore from Unconverted Warrants
AI Summary
VIP Clothing Ltd has announced the forfeiture of ₹12.83 crore from warrants that were not converted into equity shares within the stipulated period. The warrants, amounting to 1,14,05,000, were allotted on a preferential basis to various allottees. However, several allottees did not exercise their option to convert the warrants into equity shares within the 18-month period. The company has provided a detailed list of these allottees in its announcement.
Key Highlights
- VIP Clothing Ltd has forfeited ₹12.83 crore from unconverted warrants.
- 1,14,05,000 warrants were allotted on a preferential basis to various allottees.
- Several allottees did not convert their warrants into equity shares within the stipulated period.
- The company has provided a detailed list of the allottees whose warrants have lapsed.
- There is no change in the paid-up equity share capital of the Company.
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