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Kranti Industries forfeited ₹0.50 Crore after a warrant holder failed to convert 2,50,000 warrants. These warrants now stand cancelled, reducing potential equity dilution.
Kranti Industries Ltd converted 12,50,000 warrants held by Evolution Capital Advisory Services into equity shares, raising ₹7.5 Crore in balance consideration. The remaining 2,50,000 warrants lapsed after the 18-month exercise period, resulting in the forfeiture of ₹50 Lakhs upfront payment. This marks the conclusion of the company's 2024 warrant issuance cycle.