Board of Directors at their meeting held on 4th March,2026 inter alia considered and approved the issue of 1,50,00,000 equity hares of rs.10 each for a cash price of rs.10/- on preferential ....
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Longspur International Ventures' board approved issuing 1,50,00,000 equity shares at Rs. 10 each (face value Rs. 10), raising up to Rs. 15 crore on a preferential basis. The shares will be allotted to 30 investors, including promoter Manoj Jain (14,30,000 shares) and 29 non-promoter allottees. The allotments follow SEBI ICDR Regulations Chapter V rules for preferential issues. Post-issue, the promoter's stake will drop from 22.48% to 15.70%, and total share count will rise significantly, diluting existing shareholders.
Existing shareholders will face notable equity dilution as the share count expands meaningfully and the promoter's holding reduces from over 22% to about 15.7%. The Rs. 15 crore capital infusion could support business growth, but short-term stock pressure from dilution is possible.