Anant Raj allots equity shares after warrant conversion

Anant Raj Limited (BSE: ANANTRAJ) announced the allotment of 13,69,863 equity shares on March 18, 2025, following the conversion of warrants held by Shri Ashok Sarin Anant Raj LLP. The warrants were convertible into equity shares with a face value of ₹2 each, priced at ₹730 each. This conversion relates to an aggregate amount of ₹99,99,99,990, for which the company had received 75% of the balance consideration, amounting to ₹74,99,99,992.50. The decision was made during a Finance and Investment Committee meeting held on the same day. As a result of this allotment, Anant Raj's paid-up share capital has increased to ₹68,65,21,232, comprising 34,32,60,616 equity shares of ₹2 each. The newly allotted equity shares will rank equally with existing shares.