Kranti Industries Ltd

Kranti Industries: 250,000 Warrants Not Converted by Evolution Capital 💼

- Evolution Capital Advisory Services did not exercise conversion for 250,000 warrants

- Warrants were originally allotted on October 23, 2024 at ₹80 per warrant

- 1,600,000 warrants were allotted to non-promoter allottees with 25% upfront payment (₹20 per warrant)

- Evolution Capital held 1,500,000 warrants total

- 1,250,000 warrants were converted to equity shares by paying remaining ₹60 per warrant

- Unconverted 250,000 warrants lapsed on April 22, 2026

- ₹50 lakhs upfront payment forfeited for unconverted warrants