Intimation of Lapse and Forfeiture of 1000000 Convertible Warrants under SEBI (ICDR) Regulations, 2018 and amendments made from time to time

Ajcon Global Services Ltd has announced the lapse and forfeiture of 1 million convertible warrants issued under SEBI (ICDR) Regulations, 2018, due to non-payment of the remaining 75% consideration by the warrant holders within the stipulated timeline. The upfront subscription amount of ₹1.65 crores has been forfeited with immediate effect.