Outcome of the Board Meeting held for Increasing the Authorised Share Capital of the company and for approval of Fund Raising by the issuance of Equity Shares and Convertible warrants on ....
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
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Candour Techtex's board approved raising the authorised share capital from Rs. 23.70 crores to Rs. 37 crores. The company plans to issue up to 67,86,400 equity shares (Rs. 84.83 crores) and up to 90,72,000 convertible warrants (Rs. 113.40 crores) via preferential allotment at Rs. 125 per share. Warrants will be convertible into equity shares of Rs. 10 face value within 18 months from allotment. Allottees are mostly small individual investors and HUFs, with Managing Director Jayesh R. Mehta subscribing to 60 lakh warrants. Post-issue promoter holding rises from 32.89% to 35.16%. An EGM is scheduled for November 20, 2025, to seek shareholder approval.
Existing shareholders will face dilution as the company raises up to Rs. 198 crores through this preferential issue. The promoter group is increasing its stake, showing insider confidence, but the large number of small allottees signals a broad-based fundraising rather than a marquee anchor investor.