The Finance Committee of Salasar Techno Engineering approved the allotment of 2,11,80,000 fully paid-up equity shares by conversion of an equal number of fully convertible warrants at ₹14.40 per share. The company received the balance amount of ₹22,87,44,000 (75% of the issue price). The issued and paid-up capital has increased to ₹174,79,50,290. 3,25,00,000 warrants remain outstanding.