Ahmedabad Steelcraft allots equity shares following warrant conversion

Ahmedabad Steelcraft (BSE:AHMDSTE) announced the allotment of 5,450,000 equity shares, each with a face value of INR10, at a premium of INR62, following the conversion of an equivalent number of warrants. This conversion stems from the 11,000,000 convertible warrants issued and allotted on September 30, 2024. The preferential allotment has been made to both promoter and non-promoter groups, adhering to SEBI regulations concerning the issue of capital and disclosure requirements.