Mold-Tek Technologies Limited has informed the Exchange about raising of funds
MOLDTECH · price
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Mold-Tek Technologies' board has approved issuing up to 2,90,000 equity shares of face value Rs. 2 each at a price of Rs. 164 per share (including a premium of Rs. 162) to a single non-promoter investor, Mr. Richard Leon Cannyn. The total issue size aggregates to about Rs. 4.76 crore. This is a preferential allotment under Chapter V of the SEBI ICDR Regulations, subject to shareholder approval. An Extraordinary General Meeting has been scheduled for March 30, 2026, to seek member approval. Post-allotment, the investor will hold approximately 0.997% of the company's equity.
This is a small dilution of about 1% for a non-promoter individual investor, with shares issued at a significant premium over face value. The Rs. 4.76 crore raise is modest and unlikely to materially affect existing shareholders' value, though it slightly expands the equity base.