Announced Thu, 2 Jul, 2026 · 18:26 IST
Board approves preferential issue of 24.1 lakh shares at Rs 115
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
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AI summary
Board approved issuing up to 24,10,431 equity shares to non-promoters on preferential basis at Rs 115 per share (face value Rs 10, premium Rs 105), raising up to Rs 27.72 crore. Allottees are 14 named individuals and public entities, with Vijay Rathee getting the largest share (13.17 lakh shares, 12.06% post-issue). EGM scheduled for July 31, 2026 for shareholder approval.
Likely market impact
Up to 27.72 crore to be raised from non-promoters at a premium; may dilute existing shareholders by roughly 22 percent on full allotment.