Announced Tue, 19 May · 18:23 IST

The extra ordinary general meeting of M/s Marble City India Limited to be held on 10th June, 2026 at 11.00 AM via VC/OAVM

Board & Shareholder Meetings View source PDF

Price

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Price reaction · full curve 14 horizons · vs prior close

-1.7%1-day move

₹97.95

prior close

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base price

After-mkt

timing

5m10m15m30m1D2D3D4D5D7D15D1M2M3M

————-1.7-3.9+0.3-3.0-5.1-4.9-7.1+28.2+32.6—

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AI summary

Marble City India Limited has convened an EGM on June 10, 2026 via VC/OAVM to seek shareholder approval for issuing up to 30 lakh convertible warrants to promoters Saket Dalmia and Amit Dalmia at Rs. 100 per warrant, aggregating Rs. 30 crore. Each warrant converts into one equity share of face value Rs. 5 within 18 months, with 25% upfront payment (Rs. 25) and 75% (Rs. 75) payable before conversion. The proceeds will be used to infuse capital in subsidiary Mega Surfaces and Lifestyle Pvt Ltd (Rs. 8 crore), repay loans (Rs. 17.5 crore), and for general corporate purposes (Rs. 4.5 crore). The issue price was determined by an independent valuer as the stock is infrequently traded on BSE.

Likely market impact

Existing shareholders face dilution as promoters increase their stake through warrant conversion. The capital infusion will support subsidiary growth and reduce debt, but public shareholding may reduce below current levels.