Hariom Pipe approves warrant issue at revised price in EGM
Published on: June 16, 2026, 6:38 p.m. | Source: scanx.trade
Hariom Pipe Industries successfully concluded its Extra-Ordinary General Meeting on June 16, 2026, approving the preferential allotment of 15,00,000 warrants to the promoter category at a revised price of ₹343.03 per share. The total consideration for the issue amounts to ₹51,45,45,000, with a payment structure requiring 25% upfront and the balance upon conversion. Additionally, shareholders sanctioned the alteration of the company's Articles of Association and a mechanism for converting debt into equity in case of default.
