Suraj Estate Developers Limited has announced the non-exercise of the conversion option for 13,30,000 convertible warrants. These warrants were allotted on a preferential basis at an issue price of ₹750 per warrant. The company had previously received an initial subscription amount of ₹49,87,50,000, representing 50% of the issue price. The warrant holders failed to exercise their conversion option within the stipulated 18-month period from the allotment date, which was on or before April 8, 2026. Consequently, as per Regulation 163(3) of the SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018, the amount received on these warrants stands forfeited. This information is provided in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The disclosure will also be made available on the company's website, www.surajestate.com.
