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Mitsu Chem Plast board approved warrant allotment to investors with conversion over 18 months
22-Oct-2026, 04:34

Mitsu Chem Plast Limited disclosed that its board approved the allotment of 10,00,000 fully convertible warrants into equity shares for cash at an issue price of Rs 151 per warrant to Manish Mavji Dedhia, Sanjay Mavji Dedhia, and Rikhav Securities Limited, with consideration received equivalent to 25% of the total consideration. The warrants, convertible into an equal number of equity shares with a face value of Rs 10 each, will be available for conversion within 18 months, and are subject to lock-in requirements as per SEBI regulations.