Board of Directors of the Company at their Meeting held today i.e., on 22nd April, 2025 at its Registered Office approved the allotment of 79,00,000 fully paid-up equity shares having face ....
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The Board of Directors of Fone4 Communications approved the allotment of 79,00,000 fully paid-up equity shares at Rs. 15 per share (face value Rs. 10, premium Rs. 5), raising a total of Rs. 11.85 crore through a preferential issue under SEBI ICDR Regulations. The shares were allotted to 16 allottees, including promoters Roudha Zerlina and Sayyed Hamid (8 lakh shares each) and promoter group member Sayyed Haris (4 lakh shares). Among public allottees, Pushpa Bhaju received the largest chunk at 21 lakh shares, followed by Jugal Kishore Bhagat with 15 lakh shares. After the allotment, promoters collectively hold around 49.11% of the expanded equity base, while no single non-promoter holds more than 8.42%. BSE had already granted in-principle approval on 7th April 2025, and listing approval will be applied for subsequently.
Existing shareholders face equity dilution as the share count rises by ~46% (79 lakh new shares added to existing base). However, the Rs. 11.85 crore infusion strengthens the company's capital base without adding debt, and promoter holding remains comfortably above the required threshold. Watch for the stated use of funds and any subsequent disclosures on deployment.