Mold-Tek Technologies Limited has informed the Exchange regarding Outcome of Board Meeting held on February 28, 2026.
MOLDTECH · price
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Mold-Tek Technologies' board, meeting on February 28, 2026, approved issuing up to 2,90,000 equity shares (face value Rs. 2) at Rs. 164 per share on a preferential basis to a single non-promoter investor, Mr. Richard Leon Cannyn. The issue aggregates to about Rs. 4.76 crore, with a premium of Rs. 162 per share, and the investor will hold roughly 0.997% of the post-allotment share capital. The allotment is subject to shareholder approval. An Extraordinary General Meeting has been scheduled for March 30, 2026 at 11:30 AM via video conference to seek this approval, and Mr. Ashish Kumar Gaggar has been appointed as scrutinizer for the e-voting process.
This is a small dilution of less than 1% via a preferential issue to a single non-promoter investor, so impact on existing shareholders is minor. Shareholders should watch the EGM on March 30, 2026, where they will vote on the allotment; the issue price implies the stock is being valued higher than face value, which is a positive signal of investor confidence at current levels.