Outcome of board meeting held on September 18, 2025.
Awaiting price reaction for this filing.
The board of Pressure Sensitive Systems (India) approved major corporate actions on September 18, 2025. The company plans to issue 22.20 crore fully convertible warrants at Rs. 2.74 per warrant on a preferential basis to 6 investors, raising up to Rs. 60.83 crore. Each allottee will receive 3.70 crore warrants, giving them a 9.99% stake each post-conversion (none hold shares currently). The authorized share capital will be increased from Rs. 22 crore to Rs. 38 crore to accommodate the issue. The board also expanded the company's object clause to include 9 new business areas such as AI/software for healthcare, agro products, film/entertainment, manpower services, construction, real estate, and jewelry. An EGM is scheduled for October 18, 2025 to seek shareholder approval.
This signals a significant capital raise (~Rs. 61 crore) and a major business diversification away from the core pressure-sensitive tapes business. Shareholders should note potential dilution of up to ~36-37% on full conversion of warrants and the entry of 6 new investors who will collectively hold a large stake. The wide-ranging business expansion suggests the company is repositioning into multiple new sectors.