Addendum and Statutory Update to the Outcome of the Board Meeting held on May 19, 2026 Pertaining to the Revision of Issue Price for the Proposed Preferential Allotment of Equity Shares.
Awaiting price reaction for this filing.
Shivamshree Businesses has revised the issue price for its proposed preferential allotment of up to 1,43,50,000 equity shares upward from ₹2.25 to ₹2.30 per share, in line with the statutory floor price of ₹2.27 calculated under SEBI ICDR Regulations based on the relevant date of May 29, 2026. As a result, the total consideration for the allotment has increased from about ₹3.23 crore to ₹3.30 crore, with a face value of ₹1 and a securities premium of ₹1.30 per share. The number of shares to be issued and the list of allottees remain unchanged — all five allottees are members of the promoter Bavishiya family, receiving between 23.5 lakh and 30 lakh shares each. The price revision is purely a regulatory compliance update, with the new price set slightly above the statutory minimum.
Minor upward revision in issue price means existing shareholders are not diluted more than necessary, but the small additional premium raised (about ₹7.2 lakh extra) is negligible. The allotment is entirely to promoter-group family members, signalling continued promoter financial commitment but no fresh external investor or institutional validation. Shareholders should watch for dilution effect once the preferential issue is executed ahead of the June 29 AGM.