CWD Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 07/04/2025 ,inter alia, to consider and approve Allotment of Equity Shares and Fully Convertible ....
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CWD Limited has informed BSE that its Board of Directors will meet on Monday, April 7, 2025, to consider and approve the allotment of equity shares and fully convertible warrants on a preferential basis. The shares will have a face value of Rs. 10 each and will be issued at Rs. 907 per share, which is a significant premium over face value. The allotment is proposed to be made to both Promoters and Non-Promoters of the company. This is a capital-raising move through a preferential route rather than a public issue.
This preferential allotment will lead to dilution of existing shareholders, but the high issue price of Rs. 907 (versus Rs. 10 face value) suggests strong demand and confidence from incoming investors. Shareholders should watch for further disclosures on the number of shares/warrants issued and the identity of allottees, as this will affect ownership structure.