Garware Synthetics Ltd. was established on September 1st, 1969. The company produces a diverse range of bristles crafted from materials such as Nylon 6, 66, 610, PBT, and Polypropylene, which are extensively used in various brush industries. Recently, it introduced nylon sutures, which were previously imported into India and are primarily utilized for medical purposes.
In the fiscal year 2014-2015, the company issued and allocated 460,000 Equity Warrants to the Promoters on a preferential basis. Each warrant is convertible into one Equity Share of the company with a nominal value of 10/- each, at a price of 50/- per share, inclusive of a premium of 40/- per share. Additionally, 400,000 Equity Shares were issued to the Promoters for cash at a price of 50/- per share (including a premium of 40/- per Equity Share) on a preferential basis.
In the fiscal year 2016-2017, the option for the conversion of share warrants issued by the company was not exercised by the warrant holders. Consequently, the share warrants were canceled according to the terms of the issue.
In the fiscal year 2014-2015, the company issued and allocated 460,000 Equity Warrants to the Promoters on a preferential basis. Each warrant is convertible into one Equity Share of the company with a nominal value of 10/- each, at a price of 50/- per share, inclusive of a premium of 40/- per share. Additionally, 400,000 Equity Shares were issued to the Promoters for cash at a price of 50/- per share (including a premium of 40/- per Equity Share) on a preferential basis.
In the fiscal year 2016-2017, the option for the conversion of share warrants issued by the company was not exercised by the warrant holders. Consequently, the share warrants were canceled according to the terms of the issue.
