Fratelli Vineyards Forfeits Rs 2.72 Crore as 3.63 Lakh Warrants Lapse After Non
Fratelli Vineyards Limited forfeited Rs 2,72,36,250 after 3,63,150 warrants lapsed on February 23, 2026, due to non-conversion by allottees. The company had allotted 5,57,650 warrants in August 2024 with an 18-month conversion period, but only 1,94,500 warrants were converted. The forfeited amount represents 25% upfront payment collected during warrant allotment, in compliance with SEBI regulations.