MOLDTECH · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Mold-Tek Technologies Limited has withdrawn a previously approved preferential issue of up to 2,90,000 equity shares (face value ₹2 each) at ₹164 per share, totaling approximately ₹4.76 crore. The Board had approved this share issuance on February 28, 2026, and shareholders gave their nod at an EGM on March 30, 2026. In-principle approval from both BSE and NSE was received on April 16, 2026. However, the proposed allottee failed to transfer the share application money within the required timeline, prompting the Board to cancel the issue via a circular resolution on May 1, 2026.
No actual capital was raised or shares issued, so there is no immediate dilution or cash inflow. The withdrawal is neutral for existing shareholders, as the planned equity infusion did not materialise due to the proposed allottee's inability to fund.