Simran Farms Ltd. Allots Equity Shares, Schedules Postal Ballot
Simran Farms Ltd. announced the allotment of equity shares following the conversion of warrants and scheduled a postal ballot for a proposed resolution, according to a company statement released on March 30, 2026.The Board of Directors approved the conversion of 10,18,300 warrants into an equivalent number of equity shares. The allotment was made to members of the promoter group and other individuals, with an issue price of Rs. 155 per share, which included a premium of Rs. 145 per share. Warrant holders paid the remaining 75% subscription amount of Rs. 116.25 to complete the conversion.
Furthermore, the Board authorized the Company Secretary to oversee the postal ballot e-voting process and to send the notice of the postal ballot along with related documents. Details pertaining to the postal ballot are available in a separate filing.
The Board meeting commenced at 10:45 A.M. and concluded at 11:45 A.M. Simran Farms Ltd. is listed on the BSE with Scrip Code 519566 and ISIN No. INE354D01017.
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