Slone Infosystems Ltd has withdrawn and cancelled its proposed issue of 3.8 million convertible warrants, as per company investor disclosures. The move resets its near-term capital-raising roadmap while the NSE-listed SME IT hardware solutions player continues operations across sales, rentals, and services. Further updates are expected via exchange filings and IR releases.
Slone Infosystems Limited announced that it has withdrawn and cancelled the previously approved issue of 3.8 million convertible warrants, according to materials published on its Investor Relations page. This reverses a planned equity-linked capital raise and may reflect evolving funding preferences or market conditions; detailed rationale is awaited in subsequent filings.
Slone, an NSE SME-listed company incorporated in 2022, provides IT hardware solutions including sales and rentals of laptops, desktops, servers, and related services for corporate clients. With the warrant issue now off the table, the company is expected to communicate any revised capital strategy through the stock exchange and official investor disclosures.
Key highlights / notable updates
Action taken: Withdrawal and cancellation of 3.8 million convertible warrants.
Disclosure channel: Update reflected via Investor Relations; exchange filings anticipated.
Business profile: IT hardware sales, rentals, and services for corporate clients.
Market listing: NSE SME platform; future capital plans to be monitored.
Implications: Equity dilution deferred; alternative funding routes possible.
Sources: Slone Infosystems Investor Relations; Screener company profileScreener;