Trident Texofab (BOM:540726) said its board approved the conversion of about 1.6 million warrants into equity shares of 70 Indian rupees each, including a premium of 60 rupees per share, according to an Indian bourse filing on Monday.

The allotment, made to non-promoter public investors on promotional basis, follows the receipt of the balance payment of 82.7 million rupees.