As mentioned in attached file
Awaiting price reaction for this filing.
The Board of Directors met on 31st July 2025 and approved an increase in Authorised Share Capital from Rs. 50 Crore to Rs. 58.4 Crore, along with a corresponding change to the Memorandum of Association. The Board also approved a preferential allotment of up to 4.75 crore convertible warrants at a minimum price of Rs. 8.40 per warrant (including premium) to 103 allottees, mostly individuals and HUFs. Each warrant can be converted into 1 equity share of Rs. 2 face value, with 25% of the issue price payable upfront and the remaining 75% on exercise within 18 months. A postal ballot notice has been issued to seek shareholder approval for these proposals, with a scrutinizer appointed for the e-voting process.
This is a significant capital-raising move that could lead to substantial dilution for existing shareholders once warrants are exercised (up to 4.75 crore new shares). While it brings in fresh capital, the large number of allottees and the dilutive nature of warrants may put short-term pressure on the stock. Shareholders should watch the postal ballot outcome closely as their approval is required for the preferential issue to proceed.