EGM on Oct 28: Capital raise, warrants, preferential issue, and RPTs
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Grand Foundry (now Tikona Communication) calls EGM on Oct 28, 2026. Items include: raising authorised capital from Rs 30.1 crore to Rs 138 crore; issuing 8.84 crore convertible warrants at Rs 10 each to promoters and others; issuing 1.04 crore equity shares at Rs 10 each to non-promoters; issuing 8.56 crore preference shares worth Rs 256.8 crore to acquire 90.82 percent of Fusionnet Web Services; adopting new Articles; and approving material RPTs with SAR Televenture, Parametrique, and Fusionnet (limits up to several hundred to thousand crores).
Potential equity dilution from warrants and preferential shares. Major acquisition of Fusionnet Web Services. RPTs with promoter group need member approval at EGM.