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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
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Gujarat Hy-Spin Ltd's board, at its meeting on September 11, 2025, approved increasing the authorised share capital from ₹16.75 crore to ₹22.75 crore by adding 60 lakh new equity shares of ₹10 each. The board also approved a preferential allotment of 60 lakh fully paid-up equity shares at ₹40 per share (face value ₹10 plus ₹30 premium), aggregating to ₹24 crore, to 10 non-promoter allottees. The allottees include Seema Manish Nuwal (9 lakh shares, 3.96% post-issue), Sachin Naresh Jain, Naresh Sagarmal Jain, Haresh V Joisher (7 lakh shares each), and six others, collectively holding 26.37% post-issue. An Extraordinary General Meeting has been scheduled for October 11, 2025, to seek shareholder approval for these matters.
This preferential issue will dilute existing shareholders' stakes by approximately 26.37%, introducing 10 new non-promoter shareholders. The ₹24 crore capital infusion at ₹40 per share (a 300% premium to face value) may strengthen the company's balance sheet but will significantly alter the shareholding structure pending shareholder and regulatory approvals.