The board in its meeting held today 26th August, 2025 have approved the fund raising by issuance of warrants on preferential basis along with its allied and other agendas
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Disha Resources Limited's board, at its meeting on 26 August 2025, approved issuing up to 75 lakh equity share warrants on a preferential basis at INR 25 per warrant, aggregating up to INR 18.75 crore. Each warrant is convertible into one fully paid-up equity share within 18 months from allotment, with 25% of the price payable upfront and the remaining 75% on conversion; unconverted warrants will result in forfeiture of the upfront amount. The warrants are proposed to be allotted to 11 specific investors listed in Annexure A, including individuals and entities such as Crescent Soft Tech Solutions Pvt Ltd (19.43 lakh warrants) and Pooja Rajesh Chapekar (7.49 lakh warrants). The issue is subject to shareholder approval and will be carried out under Chapter V of the SEBI ICDR Regulations.
This is a dilutive capital raise — once the warrants convert into equity over the next 18 months, existing shareholders will see their holding reduced. Short-term share price may come under pressure on dilution concerns, though only 25% of the funds are received upfront, so full dilution is staggered. Shareholders should watch for the postal ballot / EGM outcome and the relevant date for pricing.