Fredun Pharmaceuticals Ltd

This is to inform you that Board of the Directors of the Company had pursuant to the approval of Shareholders in their Extra-Ordinary General Meeting held on September 23 2023 has done allotment of convertible warrants on Preferential Basis to Non-Promoters on May 2 2023.Further we would like to inform that the Warrant Holders have paid the balance of the consideration aggregating to Rs. 23834085/- and have applied for exercising their rights for conversion of 47850 warrants into equivalent number of Equity Shares. Consequently the Board of Directors in its meeting held today i.e. May 02 2023 has allotted 47850 Equity Shares of face value Rs. 10/- each to the warrant holders.