ATV Projects India Ltd

🚀 ATV Projects India Approves ₹10.2 Cr Preferential Warrant Issue to Promoter

- 25,00,000 convertible warrants approved for preferential allotment to promoter Mahalaxmi Import Export Pvt Ltd

- Issue price set at ₹40.80 per warrant (total value: ₹10.20 crore)

- Each warrant convertible to 1 equity share (₹10 face value) within 18 months

- 25% payment upfront, remaining 75% due at conversion

- 18-month lock-in for warrants/resultant shares from trading approval date

- Allottee's existing shares locked for 90 trading days post-allotment

- Warrants to be issued in demat form within 15 days (pending approvals)

- Price/share quantity adjustable for future corporate actions

- Unconverted warrants lapse after 18 months with forfeited payment