Announced Fri, 6 Nov, 2026 · 21:53 IST
Postal ballot seeks approval for two preferential share issues
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Price reaction
Awaiting price reaction for this filing.
AI summary
Postal ballot seeks approval to issue 72,820 Ace shares at Rs238 for 331 MyUtilityGenius shares and 379,326 shares at Rs238 for 331 MyUtilityGenius Commercial shares. Each stake covers 32.14% of its target. This would issue 452,146 shares at a premium to the Rs10 face value for about Rs10.76 crore, with a 12-month lock-in. Voting runs Nov 7-Dec 6; results are due by Dec 8.
Likely market impact
Approval could dilute existing holders through 452,146 new shares, while adding stakes in MUG and MUGC. Voting ends Dec 6 and results are due by Dec 8.