Cranex Ltd

📉 Cranex Ltd. Forfeits Funds from 7 Warrant Holders After Non-Conversion

• 760,000 warrants were not converted by the April 24, 2026 deadline

• 7 warrant holders did not exercise their conversion options

• The company had originally issued 2,780,000 warrants at ₹102 each to 19 allottees

• A 25% initial payment of ₹7,08,90,000 was received at the time of warrant allotment

• The forfeited amount represents 25% of ₹102 per warrant on the 760,000 unconverted warrants

• Major warrant holders included Gaurav Singh (210,000 warrants) and Bhavya Jain (205,000 warrants)