We wish to inform you that pursuant to the approval accorded by the board of directors of the Company (the 'Board™), at its meeting held on.September 05, 2024 and the special resolution ....
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CFF Fluid Control Ltd has completed its Follow-on Public Offer (FPO) through the FPO Committee's meeting on July 14, 2025. The committee approved the allotment of 15,00,000 equity shares of face value Rs. 10 each at an offer price of Rs. 585 per share, which includes a premium of Rs. 575 per share. The total issue size aggregates to Rs. 87.75 crore. The Board had originally approved the proposal on September 5, 2024, and members had passed a special resolution on September 30, 2024. The allotment was done in compliance with SEBI ICDR Regulations.
Existing shareholders will see dilution of their equity stake due to the issuance of 15 lakh new shares, though the substantial premium of Rs. 575 per share suggests strong pricing. The company has raised Rs. 87.75 crore in fresh capital, which could be used for growth, debt reduction, or working capital needs.