Announced Fri, 18 Sept, 2026 · 18:19 IST
Board approves preferential issue of 5 lakh shares at Rs 48 each
Price
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Price reaction
Awaiting price reaction for this filing.
AI summary
Board approved issuing up to 5,00,000 equity shares at Rs. 48 each (face value Rs. 10) on preferential basis to non-promoter public investors. Total potential raise up to Rs. 2.40 crore. Largest allottee Nimesh Sahadeo Singh to get 3,25,000 shares (46.43 percent post-issue). Also approved increasing authorized capital from Rs. 20 lakh to Rs. 70 lakh. EGM on October 30, 2026 for shareholder approval.
Likely market impact
Possible dilution as preferential shares go to non-promoters at Rs. 48 per share, subject to shareholder approval at EGM on Oct 30, 2026.