Choice International allots shares after warrant conversion

Choice International's Securities Allotment Committee allotted 7,987,667 fully-paid equity shares, each with a face value of INR 10, on December 5, 2025. This allotment was in response to warrant holders exercising their conversion rights, contributing a total of INR 1,797,225,075, representing the remaining 75% of the consideration amount. The shares were distributed to Plutus Wealth Management LLP (6,666,667 shares for INR 1,500,000,075) and Soansrishti Properties Private Limited (1,321,000 shares for INR 297,225,000).

This latest conversion completes the full conversion of all 23,121,000 warrants issued earlier. Consequently, the company's paid-up equity share capital has risen to INR 2,227,765,000, comprising 222,776,500 equity shares of INR 10 each. These newly allotted shares rank pari passu with existing equity shares.