Announced Fri, 17 Jul · 13:18 IST
EGM approves preferential share and warrant issue worth up to Rs. 98.97 crores
Board & Shareholder Meetings View source PDF
EIFFL · price
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Price reaction · full curve 14 horizons · vs prior close
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₹334.80
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AI summary
Euro India Fresh Foods held its EGM on July 17, 2026, where members approved three resolutions. First, alteration of the MoA to increase authorised share capital. Second, issuance of equity shares on a preferential basis to non-promoters worth up to Rs. 51.69 crores at Rs. 245 per share. Third, issuance of convertible warrants to promoters and non-promoters worth up to Rs. 47.28 crores at Rs. 245 per warrant. Total potential fundraising is up to Rs. 98.97 crores.
Likely market impact
Existing shareholders face potential dilution from preferential issue of shares and warrants worth up to Rs. 98.97 crores.