Consider and Approve raising of funds by way of issue of Foreign Currency Convertible Bonds ('FCCBs')
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On the reaction day the stock moved 3.8 pts more than Nifty Microcap 250 and 4.5 pts more than its Logistics Solution Provider peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Cargosol Logistics' Board, at its meeting on June 2, 2026, approved raising funds through Foreign Currency Convertible Bonds (FCCBs) up to an aggregate amount not exceeding USD 10 Million (roughly ₹83-85 crore depending on exchange rates). The funds may be raised through preferential issue, private placement, qualified institutional placement (QIP), or a combination of methods, and could be listed or unlisted. The issuance is subject to shareholder approval and necessary regulatory clearances. Detailed terms of the issuance will be disclosed to stock exchanges once finalised by the Board.
This is a fund-raising announcement that could lead to equity dilution once the FCCBs are converted. Shareholders should watch for the detailed terms, pricing, and conversion ratio in the next disclosure, as these will determine the actual dilution impact on existing shareholders.