Announcement under Regulation 30 (LODR)- Raising of Funds
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Mish Designs Ltd's board approved a preferential issuance of 2,63,160 equity shares and 2,45,615 convertible warrants to 5 investors. Promoter Kaushal Goenka will receive 87,720 shares and promoter Bhawna Goenka will receive 1,57,895 warrants. Public investors include Dhaval Parikh, Nihir Parikh, and Tapan Shah. The authorized share capital is being increased from ₹3.4 crore to ₹3.9 crore to accommodate the new issuances. The issue price will be determined per SEBI ICDR Regulations. Warrants are exercisable within 18 months, with 25% paid upfront and 75% on conversion. Post-allotment, promoter holding will decrease slightly from 56.69% to 55.53% on a fully diluted basis. The proposals require shareholder and regulatory approval.
Existing shareholders face dilution as roughly 5.08 lakh new shares (plus warrants) will be issued, marginally reducing promoter and public shareholding percentages. The preferential issue at a regulatory-determined price may signal capital-raising needs. No dividend, buyback, or bonus actions were announced.