Sah Polymers Limited has informed the Exchange regarding ' Submission Of Certificate Received From Statutory Auditor In Terms Of Regulation 169(5) Of The Securities And Exchange Board Of India (Issue Of Capital And Disclosure Requirements) Regulations, 2018 ('ICDR Regulations')'.
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Aeroflex Neu Limited has submitted a certificate from its statutory auditor M/s H.R. Jain & Co. confirming compliance with Regulation 169(4) of the ICDR Regulations. The company is issuing 72,00,000 fully convertible warrants on a preferential basis to its promoter and certain identified non-promoter allottees. Each warrant is convertible into 1 equity share of face value Rs. 10, issued at a price of Rs. 90 per warrant (including an Rs. 80 premium). The Board approved the allotment on 25th July 2025, and the 25% upfront consideration has already been received in the company's bank account as of 22nd July 2025. The auditor verified that there is no circulation of funds and the relevant documents are properly maintained. This filing is a routine regulatory disclosure confirming the capital raise is being conducted as per SEBI rules.
Existing shareholders may face dilution once the warrants are converted into equity shares in the future. However, the preferential issue to promoters signals management's confidence and brings fresh capital into the company at a premium of 8x the face value.