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Fredun Pharmaceuticals allotted shares to warrant holders following conversion and shareholder approval
03-Oct-2026, 06:37
Fredun Pharmaceuticals Limited announced the allotment of 1,82,400 equity shares with a face value of Rs 10 each to warrant holders following the conversion of 60,800 warrants, as approved by shareholders on October 22, 2025. The allotment, made on October 3, 2026, occurred after warrant holders paid the remaining consideration and exercised their conversion rights, with the entitlement adjusted after a 1:2 bonus issue, resulting in three equity shares for each outstanding warrant.