Hazoor Multi Projects Ltd Forfeits Warrants After Unexercised Options Lapsed
Hazoor Multi Projects Ltd. (HMPL) has confirmed the forfeiture and lapsing of a portion of its convertible warrants issued during a preferential allotment, as approved by its Board of Directors. The decision relates to offers made under which certain warrant holders failed to exercise their options within the stipulated period.The warrants were originally allotted on a preferential basis to members belonging to the Non-Promoter, Public Category. The issue price for these fully convertible warrants was set at Rs 300/- per warrant, and they carried a right exercisable by the holder to subscribe to one Equity Share with a face value of Rs 10/- per warrant.The...