Mold-Tek Technologies Limited has informed the Exchange about Preferential issue
MOLDTECH · price
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Mold-Tek Technologies Limited's board has approved issuing up to 2,90,000 equity shares (face value Rs. 2) at Rs. 164 per share on a preferential basis, raising up to Rs. 4.76 crore. The shares will be allotted to a single identified non-promoter investor, Mr. Richard Leon Cannyn, who will hold about 0.997% of the company post-allotment. The issue price includes a premium of Rs. 162 per share, determined as per SEBI ICDR Regulations. An Extraordinary General Meeting has been scheduled for March 30, 2026 to seek shareholder approval for the allotment.
This is a small dilution (less than 1%) for existing shareholders, raising modest capital of about Rs. 4.76 crore from a single non-promoter investor. The premium pricing is in line with regulatory norms and should not materially impact shareholding structure or stock price.