Warrant issuance conditions: specified tenure limits, upfront consideration requirements, exercise-price formula rules, and forfeiture for non-exercise. Issuance of warrants in a further public offer is permitted only if warrants have a limited tenure from allotment, may be attached to specified securities, and have an exercise price or formula fixed upfront with a portion of the consideration collected on issuance; where the exercise price is formula-based, the upfront amount is calculated with reference to the cap of the price band for linked equity or convertible securities. If a warrant holder does not exercise within the prescribed exercise window from payment, the issuer may forfeit the consideration.