Fredun Pharmaceuticals Ltd

This is to inform you that the Board of the Directors of the Company had pursuant to the approval of Shareholders in their Extra-Ordinary General Meeting held on September 23 2022 has done allotment of convertible warrants on preferential basis to Non-promoters on March 22 2024.Further we would like to inform that the Warrant Holder have paid the balance of the consideration aggregating to Rs 1245250/- and have applied for exercising their rights for conversion of 2500 warrants into equivalent number of equity Shares.