Announced Thu, 8 Oct, 2026 · 18:21 IST

EGM on Nov 5 to raise authorized capital and issue 2 cr warrants worth Rs 22 cr

Board & Shareholder Meetings View source PDFExplain this filing

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Price reaction

Awaiting price reaction for this filing.

AI summary

Craftroot Retail (formerly Nirbhay Colours India) holds EGM on Nov 5, 2026 via video conferencing. Resolutions: raise authorized share capital from Rs 3.5 cr to Rs 23.5 cr, and issue up to 2 crore convertible warrants at Rs 11 each to promoters and public category entities, aggregating up to Rs 22 cr. 25 percent paid upfront, 75 percent on conversion within 18 months.

Likely market impact

Potential dilution if warrants convert to equity; up to Rs 22 cr raise. Existing shareholders should vote and review the allotment list before EGM.