We are pleased to submit the Notice of 1/2026-27 Extra-Ordinary General Meeting scheduled to be held on Friday, 10th April, 2026 at 1.00 P.M through VC/OAVM for which the registered office ....
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D & H India Limited has called an Extra-Ordinary General Meeting (EGM) on Friday, April 10, 2026 at 1:00 PM via Video Conferencing to seek shareholder approval for issuing up to 21,57,000 convertible warrants on a preferential basis to the promoter and promoter group. Each warrant is priced at Rs. 151 (face value Rs. 10 plus a premium of Rs. 141) and is convertible into one equity share of Rs. 10 face value, aggregating up to Rs. 32.57 crores. The proposed allottees are Shri Harsh Vora (Promoter – 6,15,000 warrants), Shri Saurabh Vora (Promoter Group – 7,86,000 warrants), and Smt. Kiran Vora (Promoter Group – 7,56,000 warrants). Investors must pay 25% upfront (Rs. 37.75 per warrant), with the remaining 75% payable at the time of conversion within 18 months of allotment. The proposal requires approval through a special resolution and is subject to SEBI ICDR Regulations and BSE in-principle approval.
If approved, the preferential issue will result in potential dilution of existing minority shareholders by up to 21.57 lakh equity shares upon full conversion. However, it also strengthens the promoter family's stake in the company and brings in fresh capital of up to Rs. 32.57 crores, which could support business growth. Existing public shareholders should evaluate whether the promoter contribution is fair given the issue price relative to market value.