EGM Aug 19: INR 190 cr preferential issue to Galilei with board and veto rights

Board & Shareholder Meetings View source PDF

ICEMAKE · price

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Price reaction · full curve 14 horizons · vs prior close

—1-day move

₹861.00

prior close

₹878.05

base price

After-mkt

timing

5m10m15m30m1D2D3D4D5D7D15D1M2M3M

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AI summary

Ice Make Refrigeration EGM on Aug 19, 2026 will consider: (1) amending Articles of Association, (2) preferential issue of 23,67,573 shares at INR 802.51 (premium INR 792.51) aggregating about INR 190 crore to non-promoters. Galilei Holdings takes 22,42,963 shares for about INR 180 crore. (3) Special rights to Galilei - board nomination, veto on reserved matters, pre-emptive rights. (4) Mortgage on assets up to INR 500 crore.

Likely market impact

Strategic INR 180 cr investment from Galilei brings board seat, veto rights and dilution for existing shareholders.