Reliance Power has announced that 12.50 crore outstanding warrants issued by the company have lapsed. This development follows the non-conversion of these warrants within the prescribed 18-month period.
The company had previously communicated about these warrants in letters dated October 28, 2024, May 07, 2025, and May 20, 2025. According to the latest disclosure under Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, the lapse of these warrants also includes the amount paid on them.
The warrants were initially issued with a conversion option, allowing holders to convert them into equity shares within the stipulated timeframe. However, the failure to exercise this option has led to their expiration.
This announcement was made in compliance with the applicable SEBI Circular, and the company has requested that the information be taken on record.
Disclaimer: This article is based on a regulatory filing submitted to the National Stock Exchange of India (NSE).