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Marvel Decor Limited has allotted 12,00,000 warrants on a preferential basis at ₹55.5 per warrant, totaling ₹6.66 Crore. The warrants were issued to Mr. Ashok Ramniklal Paun and Mr. Snehal Bhupendra Shah. Upon full conversion, the company's paid-up share capital will increase to ₹18.94 Crore.
Marvel Decor Limited has allotted 12,00,000 fully convertible warrants at an issue price of ₹55.50 each, totaling ₹6.66 Crore. The allotment was made to one promoter and one non-promoter allottee. The company received an upfront consideration of ₹1.665 Crore (25%) upon allotment.
Marvel Decor Limited shareholders approved the issuance of 12,00,000 convertible warrants on a preferential basis, aggregating Rs. 6.66 Crore. The warrants are convertible into equity shares within 18 months at Rs. 55.50 each. Additionally, the company's Articles of Association were altered to enable warrant issuances.