Board approves Rs 52 crore preferential share issue

Board & Shareholder Meetings View source PDF

BHAGYANGR · price

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AI summary

Bhagyanagar India board approved issuing 15,01,434 equity shares at Rs 348 each on preferential basis to 7 allottees, raising up to about Rs 52.25 crore. Issue includes Rs 346 premium over Rs 2 face value. Allottees are 3 QIBs (LC Pharos, Niveshaay, Ashika) and 4 non-QIBs. EGM on July 23, 2026 for shareholder approval.

Likely market impact

Up to about 15 lakh new equity shares will dilute existing holdings. Company raises about Rs 52 crore. EGM set for July 23.