Please Refer to the attached Notice
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Awaiting price reaction for this filing.
Integrated Industries Limited (now seeking to rename as Nurture Well Industries Limited) has called an Extra-Ordinary General Meeting on Saturday, 3rd January 2026 at 1:00 PM via video conferencing. Two special resolutions are on the table. Item 1 is the issue of up to 4,06,00,000 fully convertible warrants at Rs. 28.25 per warrant (face value Rs. 1, premium Rs. 27.25), which could raise up to about Rs. 114.7 crore if all are converted. Allottees include promoter group entity M.G Metalloy Private Limited (2 crore warrants), Choice Strategic Advisors LLP (1 crore), Accufolio Risers LLP (1 crore), and individual Divyashri Ravichandran (6 lakh). Buyers pay 25% upfront and the remaining 75% on conversion, with up to 18 months to exercise. Item 2 is the proposal to rename the company from 'Integrated Industries Limited' to 'Nurture Well Industries Limited' and update the MOA and AOA accordingly.
If approved, existing shareholders will face significant dilution – up to 4.06 crore new shares could be issued, expanding the equity base substantially. The Rs. 100+ crore fundraise could strengthen the company's balance sheet but nearly half the warrants are going to the promoter group, which means the promoter stake will rise meaningfully on conversion. The name change to 'Nurture Well Industries' suggests a strategic pivot, possibly into FMCG, wellness or consumer-facing businesses, though no business detail is provided in the notice.