Garg Furnace Limited Press Release Jul 15 2025

28,00,000 Convertible Warrants in terms of Regulation 30 of the SEBI (Listing Obligations andDisclosure Requirements) Regulations, 2015, we would like to inform you that the Board ofDirectors of the Company in their meeting held today i.e. Tuesday, July 15, 2025, inter-alia hasconsidered and approved the allotment of 18,00,000 (Eight Lakh) Equity Shares of face valueof Rs. 10/- (Rupees Ten only) each upon conversion of the warrants at an issue price of Rs.195/- (Rupees One Hundred and Ninety-Five only) each, including premium of Rs. 185/ -each (as determined in accordance with the pricing guidelines prescribed under Chapter V ofthe SEBI ICDR Regulations) (the 'Issue Price'), to the below mentioned allottees, belongingto promoter category:Sr. Name of Allottees Category Maximum number of Equity