Withdrawal of In Principal approval application (244077) submitted in respect to proposed preferential issue of 7500000 fully convertible warrants into equity shares.
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Disha Resources Ltd has withdrawn its in-principal approval application filed with BSE on September 2, 2025 for a proposed preferential issue of 75 lakh fully convertible warrants (convertible into equity shares). The decision was taken after due consideration and discussion by the management, though no specific reason has been disclosed. The company has requested the exchange to treat the application for the proposed preferential issue as withdrawn. No timeline for a fresh proposal or alternative fundraising plan has been mentioned.
The proposed capital raise of 75 lakh warrants is being shelved for now, meaning no immediate dilution for existing shareholders from this particular issue. However, the lack of a stated reason may raise questions about the company's fundraising plans and could create short-term uncertainty among investors.