Ajooni Biotech 16th AGM on July 29 with capital raise plans

Board & Shareholder Meetings View source PDF

AJOONI · price

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AI summary

Ajooni Biotech has called its 16th AGM on July 29, 2026 at 11 AM via video conferencing. Business includes adopting FY26 audited financials, re-appointing a director, raising authorized capital from Rs 50 Cr to Rs 70 Cr, and issuing up to 90 lakh shares at Rs 4.30 each to promoter Healthy Biosciences to raise about Rs 3.87 Cr, mainly for storage godown construction at Khanna, Punjab.

Likely market impact

Shareholders will vote on authorized capital hike from Rs 50 Cr to Rs 70 Cr and a Rs 3.87 Cr preferential issue to promoter, leading to dilution.