Fredun Pharmaceuticals Ltd - 539730 - Board Meeting Outcome for Outcome Of Board Meeting Dated 14Th September, 2023
This is to inform you that Board of the Directors of the Company had pursuant to the approval of Shareholders in their Extra-Ordinary General Meeting held on September 23, 2022, has done allotment of convertible warrants on preferential basis to Promoters on October 15, 2022. Further, we would like to inform that the Warrant Holders have paid the balance of the consideration aggregating to Rs. 1,41,84,850/- and have applied for exercising their rights for conversion of 20,800 warrants into equivalent number of Equity Shares. Consequently, the Board of Directors in its meeting held on September 14, 2023 has allotted 20,800 Equity Shares of face value of Rs. 10/- each to the warrant holders14-09-2023