Announced Tue, 23 Jun · 20:54 IST
Postal Ballot: Capital Hike and Preferential Issue to Promoter
Board & Shareholder Meetings View source PDF
Price
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Price reaction · full curve 14 horizons · vs prior close
+2.5%1-day move
₹433.00
prior close
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base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
————+2.5-0.7-2.8+1.6+16.6+23.6+24.0+18.4——
Up moveDown movePending
AI summary
CLN Energy sent a postal ballot with two resolutions. An ordinary resolution to increase authorised capital from Rs. 12 crore to Rs. 12.3 crore, adding 3 lakh shares. A special resolution for preferential issue of up to 2.5 lakh shares to promoter CLN Energy PTE Limited at minimum Rs. 401 per share, raising about Rs. 10.02 crore. Funds will help meet the Rs. 10 crore FDI criterion for UP Government leasehold land. E-voting ends July 23, 2026.
Likely market impact
Preferential issue to promoter at Rs. 401 per share is dilutive to public holders. Capital hike enables further equity expansion. E-voting ends July 23, 2026.