EGM on July 23, 2026 to approve preferential share issue worth Rs 52.25 cr

Board & Shareholder Meetings View source PDF

BHAGYANGR · price

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AI summary

Bhagyanagar India EGM on July 23, 2026 via video conferencing to approve preferential issue of up to 15,01,434 equity shares at Rs 348 each, raising about Rs 52.25 crores. Allotment to 3 QIBs and 4 non-QIBs (non-promoter). Proceeds for working capital (Rs 42.25 cr) and general corporate purposes (Rs 10 cr). Promoter holding dilutes from 68.9 to 65.8 percent.

Likely market impact

Existing shareholders will see promoter stake dilute by about 3.1 percent. No change in control. Funds to support working capital and growth.