New Delhi [India], March 18: Medicamen Organics Limited (MOL) (NSE- MEDIORG), is pleased to announce the successful allotment of 4,65,910 fully convertible warrants on a preferential basis to Bal Kishan Gupta, a promoter of the Company. Each warrant is issued at Rs64.39 and will be convertible into an equivalent number of equity shares of Rs10 each within 18 months from the date of allotment. The payment structure requires 25% of the warrant price to be paid at the time of allotment, with the remaining 75% payable upon conversion.