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Garg Furnace Limited’s board approved warrants for Rs 17.68 crore to promoters and Securocrop Securities
12-Oct-2026, 02:45

Garg Furnace Limited announced on October 12, 2026, that its board of directors approved the allotment of 13,98,000 warrants convertible into equity shares on a preferential basis to promoter and non-promoter groups, raising Rs 17,68,47,000, with Devinder Garg, Vaneera Garg, Toshak Garg, and Daksh Garg receiving 3,00,000 warrants each as promoters, and Securocrop Securities India Private Limited receiving 1,02,000 warrants as a non-promoter.