Subject to approval of members by Special Resolution in the ensuing 01/2026-27 Extra-Ordinary General Meeting: Approval the Board has approved for issuance upto 21,57,000 warrants of Rs. ....
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
The Board of D & H India Ltd, at its meeting on 14th March 2026, approved the issuance of up to 21,57,000 convertible warrants at Rs. 151 per warrant, each convertible into one equity share of Rs. 10 at a premium of Rs. 141 per share, on a preferential basis. The warrants will be allotted only to three members of the Promoter and Promoter Group — Harsh Vora (6,15,000), Saurabh Vora (7,86,000), and Kiran Vora (7,56,000) — for a total potential inflow of around Rs. 32.57 crore in cash. Each warrant holder has 18 months from the date of allotment to exercise the conversion, failing which the warrants will lapse and the upfront amount paid will be forfeited. The proposal is subject to shareholder approval by special resolution at the Extra-Ordinary General Meeting scheduled for 10th April 2026, with the cut-off date for e-voting eligibility set as 3rd April 2026.
This is a promoter-driven capital infusion rather than an external fundraising, so existing public shareholders will see their stake diluted if all warrants are converted (the promoter group's combined holding will rise materially). There is no immediate cash inflow from the public market, but the move signals promoter confidence and strengthens the company's equity base. Shareholders should watch the EGM on 10th April for final approval terms.