Athena Global Technologies Approves Q1 Results, Converts Warrants to Equity
Athena Global Technologies announced Q1 financial results and corporate actions. The company converted 6,50,000 share warrants to equity shares at ₹87 per share. Subsidiaries' performance varied, with one generating ₹197.48 lakhs in revenue. The company raised ₹5.65 crore through preferential issue of warrants, receiving ₹1.41 crore as upfront payment. Funds are allocated for growth, working capital, debt reduction, and corporate purposes. Financial results comply with SEBI regulations.
27Feb 25
Athena Global Technologies Withdraws NCD Issue and Approves Major Property Sale/Lease
Athena Global Technologies has withdrawn its planned ₹150 crore Non-Convertible Debentures issue due to unfulfilled conditions. The company has also approved the sale or lease of up to 1,50,000 sq ft of its SEZ property in Hyderabad, with the CMD authorized to finalize terms and execute agreements.
Athena Global Technologies Limited has announced two major corporate actions following a board meeting on February 25, 2025. The company has withdrawn its previously planned ₹150 crore non-convertible debentures (NCDs) issue due to unfulfilled conditions. Additionally, the board has approved the sale or lease of up to 1,50,000 square feet of its Special Economic Zone (SEZ) property in Hyderabad. The company's Chairman & Managing Director, Mr. M Satyendra, has been authorized to finalize terms, negotiate with potential buyers/lessees, and handle all related processes.