Fredun Pharmaceuticals Limited announced the allotment of 2,71,200 equity shares with a face value of Rs 10 each to warrant holders, following the conversion of 90,400 warrants. The allotment, approved by shareholders on October 22, 2025, involved investors including Alchemy Capital Management Pvt Ltd, Alchemy Long Term Ventures Fund, Ajay Kumar Aggarwal, Divya Aggarwal, Swati Goel, Sweta Chokhany, Vartika Chokhany, Vivek Dhir, Ceramet Consultants Private Limited, and Nav Ratan Bhaiya. The conversion was adjusted following a 1:2 bonus issue made by the company, with each outstanding warrant now entitling the holder to three equity shares.</p>