Notice of Extra Ordinary General Meeting of the company to be held on November 27, 2025.
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Chandni Machines Ltd has called an Extra-Ordinary General Meeting (EGM) on November 27, 2025 at 3:00 PM (via video conferencing) to seek shareholder approval for three key proposals. First, to increase the authorised share capital from Rs. 3.25 crore (32.5 lakh equity shares of Rs. 10 each) to Rs. 11.5 crore (1.15 crore equity shares of Rs. 10 each). Second, to issue 41,84,000 equity shares on a preferential basis at Rs. 52.50 per share, raising about Rs. 21.97 crore from select investors. Third, to issue 40,00,000 convertible warrants on a preferential basis at Rs. 52.50 per warrant, with a potential further raise of Rs. 21 crore when these warrants are exercised. The 'relevant date' for pricing has been fixed as October 28, 2025. E-voting will be open from November 24 to November 26, 2025, with the cut-off date set as November 20, 2025.
If all three resolutions are approved, the company could raise up to roughly Rs. 43 crore from specific investors, but this will lead to significant dilution for existing shareholders — up to 81.84 lakh new shares (equity plus potential warrant conversion) would be added to the current capital base. While the preferential issue price of Rs. 52.50 is well above the face value of Rs. 10, retail investors should note the potential shareholding dilution and that the allottees of preferential shares/warrants will be locked in as per SEBI rules.