Innovana Thinklabs to Raise ₹37 Cr via Convertible Warrants—Eyes Strategic Expansion

Innovana Thinklabs Ltd. has approved the issuance of 860,000 convertible warrants at a price of ₹431 per warrant, aggregating to approximately ₹37.07 crore. The warrants will be allotted on a preferential basis to select investors, including promoters and strategic partners, subject to shareholder and regulatory approvals.

 

Each warrant is convertible into one equity share within 18 months from the date of allotment. The move is aimed at strengthening the company’s capital base and funding its product innovation and global expansion plans. Innovana, known for its suite of digital utility and security apps, has been expanding its footprint across North America, Europe, and Southeast Asia.

 

This capital infusion is expected to support the company’s AI-driven product development, marketing initiatives, and potential strategic acquisitions in the cybersecurity and consumer tech space.

 

Key Highlights:

Warrants issued: 860,000 at ₹431 each

 

Total value: ₹37.07 crore

 

Conversion window: Within 18 months

 

Purpose: Capital base enhancement, global expansion

 

Investor mix: Promoters and strategic partners

 

Source: BSE Corporate Filings – Innovana Thinklabs