47th AGM to vote on 1 crore warrants and higher borrowing limits
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
The 47th AGM is on 28 September 2026 at 4:00 p.m. in Ahmedabad. Shareholders will vote on FY2025-26 accounts and raising authorised capital from Rs 5 crore to Rs 15 crore. They will also consider up to 1 crore convertible warrants at Rs 40 each for non-promoter investors, potentially raising Rs 40 crore. The warrants convert within 18 months. Other proposals seek borrowing limits of up to Rs 100 crore, including Rs 50 crore from directors.
Approval may raise up to Rs 40 crore, but warrant conversion could dilute holders. Higher borrowing limits add funding flexibility and debt risk.