Dishman Carbogen Amcis Limited has informed the Exchange regarding Notice of Postal Ballot
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Dishman Carbogen Amcis Limited has sent a postal ballot notice dated 12 August 2025 seeking shareholder approval through e-voting on five items. The company proposes to increase its authorised share capital from Rs. 34.05 crore to Rs. 38 crore (divided into 19 crore equity shares of Rs. 2 each) and amend the capital clause of its Memorandum of Association. A major item is approval to raise up to Rs. 1,000 crore through equity shares or convertible securities via Qualified Institutions Placement (QIP), preferential issue, or any other permissible method, with stated purposes including debt pre-payment/repayment and general corporate purposes. The notice also seeks re-appointment of Mrs. Deohooti J. Vyas as Whole-time Director for 5 years from 3 September 2026 at Rs. 15 lakh per month (capped at Rs. 20 lakh), and confirmation of Mr. Dhaval Rameshchandra Shah as Non-Executive Non-Independent Director. E-voting runs from 21 August 2025 (9:00 AM) to 19 September 2025 (5:00 PM), with results expected on or before 22 September 2025.
The proposed Rs. 1,000 crore fund raise via QIP/preferential issue carries a clear equity dilution risk for existing shareholders. The authorised capital hike is a preparatory step to accommodate this potential issuance. Shareholders should weigh the dilution impact against the company's stated objectives of debt reduction and growth funding before voting.