Convertible Warrants
Clarification on Convertible Warrants and Valuation
Durlax clarified terms of its proposed preferential issue of convertible warrants: 25% subscription payable within 15 days of in‑principle approval, remaining 75% in tranches within 18 months of allotment; proceeds to be utilised within 12 months of receipt; independent and NSE 90‑day VWAP differ marginally (Rs.45.67 vs Rs.45.69) with no impact on the issue price.



