BSEArcee Industries LtdLowNeutral
Announced Thu, 16 Jul · 18:18 IST

Arcee Industries EGM on August 10 for warrant ratification and auditor change

Board & Shareholder Meetings View source PDF
Price reaction · full curve

Awaiting price reaction for this filing.

AI summary

Arcee Industries EGM is on August 10, 2026 at 4 PM in Hisar. Two resolutions: (1) Ratification of 2.13 crore convertible warrants allotted on July 6, 2026 at Rs 10.35 each to 29 non-promoter allottees, totalling about Rs 22.05 crore. 25 percent upfront paid (Rs 5.51 crore); balance due on conversion to equity within 18 months. (2) Appointment of M/s CGH and Associates as statutory auditor at Rs 2.25 lakh per annum, replacing resigned M/s Jain Mittal Chaudhary.

Likely market impact

Warrant conversion may dilute existing shareholders; promoter stake unchanged. Auditor change is routine. Remote e-voting ends August 9.