BHAGIRADHA CHEMICALS & INDUSTRIES LTD. approved the issuance of convertible warrants by way of a preferential allotment for up to 25,61,425 warrants, each convertible into one equity share of the company, at a price of Rs. 1332 each, aggregating up to Rs. 341,18,18,100 to the Promoter/ Promoter Group and certain identified non-promoter persons/entities.