Please Find Attached Notice of Extra-Ordinary General Meeting for the proposed Preferential Issue
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Desh Rakshak Aushdhalaya Limited, a small-cap Ayurvedic products company listed on BSE (Scrip Code: 531521), has called an Extra-Ordinary General Meeting on May 29, 2025 to seek shareholder approval for a preferential issue of up to 12,60,000 equity shares of face value Rs. 10 each at Rs. 22 per share (including a Rs. 12 premium). All shares will be allotted to four non-promoter public individuals — Navneet Chaturvedi (5,50,000 shares), Ruchika Chaturvedi (5,50,000 shares), Victoria Rao Pippal (80,000 shares), and Rashmi Kumari (80,000 shares). The total potential raise is approximately Rs. 2.77 crore. The relevant date for pricing under SEBI ICDR Regulations is April 29, 2025, and shares will be subject to applicable lock-in periods. The Board approved the EGM notice on May 5, 2025.
If approved, the preferential issue will dilute existing shareholders by issuing new shares at a premium, but the modest size (roughly Rs. 2.77 crore) limits the dilutive impact. All allottees are non-promoter public individuals, which may raise concerns about related-party or connected-allottee risk and provide no clear strategic value. The stock may see short-term pressure depending on market sentiment toward small preferential placements, especially given the very small capital base of this micro-cap company.