Arihant Capital Markets Limited has informed the Exchange about Preferential issue
ARIHANTCAP · price
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The Board of Arihant Capital Markets Limited has approved raising up to ₹91.35 crores by issuing up to 1.05 crore equity shares on a preferential basis to non-promoter category investors. The shares have a face value of ₹1 each and are priced at ₹87 per share, including a premium of ₹86 per share. The three allottees are Preeti Mahapatra (50 lakh shares, 4.36% post-issue holding), Harihara Mahapatra (50 lakh shares, 4.36%), and Premadevi Taparia (5 lakh shares, 0.44%), all of whom currently hold no shares in the company. An Extra-Ordinary General Meeting has been scheduled for August 21, 2025, to seek shareholder approval for the issue. The issue is subject to shareholder and other necessary regulatory approvals.
Existing shareholders will face equity dilution as new investors collectively gain roughly 9.16% stake post-issue. While the capital infusion strengthens the company's capital base, the announcement does not disclose the intended use of funds, which investors should watch for in follow-up communications.