Revised outcome -Outcome of the Board Meeting held on October 11th , 2025 in terms of Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
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Ecoboard Industries' Board has approved increasing the authorised share capital from Rs. 34 crores to Rs. 36.5 crores to accommodate fresh issuances. The company plans to raise up to Rs. 17.585 crores via a preferential issue at Rs. 33.50 per share, comprising 18,07,835 fully convertible warrants (Rs. 6.06 crores) to the Promoter group (MD Ramakrishna Raju) by converting an existing loan, plus 34,41,417 equity shares (Rs. 11.53 crores) partly to promoters and partly to four public-category allottees. Post-issue, promoter holding will rise from 35.02% to 39.69%. An EGM is scheduled for November 7, 2025 to seek shareholder approval.
The fundraise is aimed at debt repayment and business growth, which could strengthen the balance sheet. However, the issue is being done at a price only marginally above the SEBI floor price, and promoter participation is partly through loan conversion, meaning limited fresh cash inflow from promoters. Existing public shareholders face dilution of about 18% on a fully diluted basis.