The Board of Directors at its meeting held on January 22, 2026 has approved the allotment of 17,11,670 equity shares of Rs. 10/- each at issue price of Rs. 45/- on preferential basis for ....
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Ironwood Education Ltd's Board, at its meeting on January 22, 2026, approved the allotment of 17,11,670 equity shares of Rs. 10 face value at an issue price of Rs. 45 per share on a preferential basis, implying a premium of Rs. 35 per share. The total consideration works out to approximately Rs. 7.70 crore. All 11 allottees are non-promoters, including individuals (such as Farokh Pandole jointly with Simone Pandole subscribing for Rs. 1 crore worth) and entities like Capri Global Holdings Private Limited (Rs. 2.70 crore) and SSM Advisory and Consultancy Services LLP (Rs. 64.80 lakh). The allotment is being made under Chapter V of the SEBI ICDR Regulations, 2018 and the Companies Act, 2013. The board meeting commenced at 4:20 p.m. and concluded at 4:44 p.m.
This preferential issue to non-promoters will dilute existing shareholders by issuing fresh capital at a price well above face value, raising roughly Rs. 7.70 crore for the company. Shareholders should note the modest scale of the raise and that the price of Rs. 45 will serve as a near-term reference for the stock.