Atal Realtech Limited has informed the Exchange about increase in Authorised Capital
ATALREAL · price
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The Board of Atal Realtech Limited approved increasing the authorised share capital from Rs. 23 crore (11.5 crore equity shares of Rs. 2 each) to Rs. 28 crore (14 crore equity shares of Rs. 2 each), subject to shareholder approval. Alongside, the company approved a preferential issue of 1,68,75,000 equity shares at Rs. 16 per share (including Rs. 14 premium) to non-promoter investors, and 72,00,000 convertible warrants to promoter Vijyagopal Parasram Atal at the same price. Warrants carry 25% upfront payment with the balance due on conversion within 18 months. The total funds will be used as growth capital for capacity expansion, building sales and marketing channels, and R&D. An Extra-Ordinary General Meeting has been scheduled for July 5, 2025 to seek shareholder approval.
Post-issue, promoter shareholding will dilute slightly from 32.83% to 32.31%, while public holding will rise from 67.17% to 67.69%. The preferential issue brings in fresh growth capital but also expands the share base, which may lead to short-term dilution. Shareholders should watch the EGM outcome and how effectively the company deploys the raised capital.