Variman Global Enterprises Ltd

Variman Global’s ₹13.49 Cr Warrants Lapse – What Happens Next? 💰

- Variman Global allotted 2,69,80,000 convertible warrants to non-promoters at ₹20 per warrant.

- 25% upfront payment of ₹13,49,00,000 received at allotment.

- Warrant holders did not exercise conversion within the 18-month window (deadline: 10.11.2025).

- All 2,69,80,000 warrants cancelled/lapsed as a result.

- Upfront ₹13,49,00,000 forfeited per issue terms.

- No change in company’s capital structure post-cancellation.