Mold-Tek Technologies Limited has informed the Exchange about issue of Securities
MOLDTECH · price
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Awaiting price reaction for this filing.
Mold-Tek Technologies' board has approved issuing up to 2,90,000 equity shares at Rs. 164 per share (face value Rs. 2, premium Rs. 162) to a single identified non-promoter investor, Mr. Richard Leon Cannyn, on a preferential basis, raising up to Rs. 4.76 crores. Post-allotment, the investor will hold roughly 0.997% of the company's expanded share capital. The relevant date for pricing under SEBI ICDR rules is February 27, 2026. An Extraordinary General Meeting is scheduled for March 30, 2026 to seek shareholder approval for the issuance, with a scrutinizer already appointed for the e-voting process.
Dilution to existing shareholders is negligible at under 1%. The small, targeted raise from a single named investor is more about bringing in a specific capital partner than funding a large expansion, and is unlikely to move the stock meaningfully on its own.