Granules India informs about outcome of board meeting
Granules India has informed that the Board of Directors of the Company at their meeting held today; December 23, 2025, considered and approved: Raising of funds through issuance of up to 2,50,00,000 convertible warrants for Rs 585 per warrant each, aggregating up to Rs 1,462.50 Crores (Convertible Warrants'), payable in cash, on preferential basis to the members of Promoter group and Non-Promoter investor category, convertible into equivalent number of fully paid equity shares of the Company having face value of Rs 1 each, in one or more tranches within a period of 18 months from the date of allotment of convertible warrants; Raising of funds through issuance of up to 51,28,205 fully paid-equity shares having a face value of Rs 1 each for Rs 585 per equity share, aggregating up to Rs 300 Crores payable in cash, on preferential basis to various Non-Promoter investor category.
The above information is a part of company’s filings submitted to BSE.
