Luharuka Media converts warrants to equity shares via preferential allotment

Luharuka Media & Infra, now known as DhanSafal Finserve Limited, announced the conversion of 19,470,000 warrants into an equivalent number of equity shares, each with a face value of Re.01. This conversion, executed via preferential allotment, was approved by the Board of Directors on June 26, 2025. The company received INR 62,936,775 for this conversion, calculated at a rate of INR 3.2325 per warrant, representing the remaining 75% of the issue price. Post-conversion, the equity shares rank equally with existing shares. Consequently, Luharuka Media & Infra's paid-up equity capital has increased from INR 195,170,000 consisting of 195,170,000 equity shares to INR 214,640,000 consisting of 214,640,000 equity shares. This action involves key investors, including Luharuka Exports Private Limited and others. The meeting to approve this conversion commenced at 5:00 PM and concluded at 5:20 PM on the same day.