Bohra Industries Limited has informed the Exchange regarding Board meeting held on Jun 17, 2025.
BOHRAIND · price
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Bohra Industries' board, at its June 17, 2025 meeting, approved the allotment of 68.75 lakh equity shares at Rs. 32 per share (face value Rs. 10, premium Rs. 22) to Mark AB Capital Investment India Pvt Ltd, raising Rs. 22 crore on a preferential basis. Mark AB Capital has triggered an open offer under SEBI (SAST) Regulations and will become the new promoter after the open offer is completed. Additionally, 20.25 lakh convertible warrants (at Rs. 32 each, totalling up to Rs. 6.48 crore) were allotted to 7 non-promoter/public allottees, with 25% upfront money (Rs. 1.62 crore) received and balance 75% payable within 18 months upon conversion. Post-allotment, promoter shareholding will rise sharply from 26.43% to 45.93% (assuming full warrant conversion), effectively marking a change of control.
This is a change-of-control event: existing public shareholders face significant dilution (from 73.57% to 54.07%) and a new promoter is entering. Shareholders should watch for the subsequent open offer announcement, which typically provides an exit opportunity at a regulated price. The incoming promoter Mark AB Capital may also bring strategic shifts going forward.