Subject to approval of members in the Ensuing General Meeting proposed to be held on 10.04.2026, On the recommendation of the Audit committee, the Board of Directors has approved the proposal ....
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D & H India Ltd's Board, at its meeting on 14th March 2026, approved the issuance of up to 21,57,000 convertible warrants at Rs. 151 each, which can be converted into equal number of equity shares (face value Rs. 10, premium Rs. 141) on a preferential basis. This is subject to shareholders' approval via Special Resolution at the EGM scheduled for 10th April 2026. The warrants will be allotted entirely to three promoter-group members — Harsh Vora (6,15,000), Saurabh Vora (7,86,000) and Kiran Vora (7,56,000) — and must be exercised within 18 months, or the warrant money will be forfeited. The total potential inflow is roughly Rs. 32.57 crore in cash if all warrants are subscribed and converted.
This is a promoter-group-led capital infusion, which signals confidence from existing promoters but will dilute shareholding of non-promoter public shareholders once warrants are converted. Near-term impact on stock price may be negative due to dilution overhang, though the cash strengthens the company's balance sheet.