Members at the 30th Annual General Meeting held today, 25th September 2025, approved the Issuance of 75,00,000 fully convertible warrants on a preferential basis.
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
At the 30th AGM held on September 25, 2025, shareholders of Disha Resources Limited approved the issuance of 75,00,000 fully convertible warrants on a preferential basis at INR 25 per warrant, aggregating to INR 18.75 crore. Each warrant will be convertible into one equity share within 18 months of allotment, with 25% of the issue price payable upfront and the remaining 75% on conversion; unconverted warrants after 18 months will result in forfeiture of the upfront amount. The warrants are proposed to be allotted to 11 identified investors including individuals and two private companies, with Crescent Soft Tech Solutions Pvt Ltd being the largest allottee at about 19.4 lakh warrants. The issue is being made under SEBI ICDR Regulations, Chapter V, and is subject to applicable laws and Board discretion on terms.
The preferential warrant issue will raise up to INR 18.75 crore for the small-cap company, providing fresh capital but also creating potential dilution risk once the warrants convert into equity within 18 months. Shareholders should watch for the conversion price terms and eventual share dilution, as this is a sizeable capital raise relative to the company's size.