<h1>Board approves up to Rs 200 crore via 5 crore convertible warrants at Rs 40, boosting promoter stake to 40.17%</h1> A company's board approved raising up to Rs 200 crore by issuing up to 5 crore convertible warrants to a promoter-group entity on a preferential basis, at Rs 40 per warrant; each warrant converts into one equity share of Rs 10 face value within 18 months of allotment. Upon full conversion, the promoter-group entity's stake would rise from 14.33% to 40.17%. The board also scheduled an extraordinary general meeting of shareholders for November 2, 2025, to seek approval for the proposed fundraise.