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Shree Hari Chemicals’ board approved a Rs 40.24 crore warrant allotment to promoters
25-Aug-2026, 09:05
Shree Hari Chemicals Export Limited announced that its board approved the preferential allotment of 22,85,000 convertible warrants at a price of Rs 176.10 each, totaling Rs 40.24 crore, to promoters Nihit Agarwal, Priyamvada Agarwal, Avanticka Agarwal, and Smradhi Agarwal. The warrants, convertible into an equal number of equity shares, will be converted in tranches within 18 months, with 25% of the issue price paid at the time of subscription and the remaining 75% payable upon conversion.