PAKKA LIMITED has informed the Exchange regarding Notice of Extraordinary General Meeting to be held on May 05, 2026
PAKKA · price
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Pakka Limited has called an EGM on May 5, 2026 through video conferencing to seek shareholder approval for three key proposals. First, the company proposes to increase its authorised share capital from Rs 60.05 crore to Rs 100 crore by creating nearly 4 crore additional equity shares. Second, the company intends to issue 90,90,000 fully convertible warrants to promoter group entity Yash Agro Products Limited at Rs 110 per warrant, raising up to Rs 99.99 crore. Third, the company plans to allot 27,20,000 equity shares to non-promoter allottees (Neo Special Credit Opportunities Fund schemes) at Rs 110 per share for Rs 29.92 crore. Remote e-voting will be open from May 2-4, 2026 with cut-off date April 30, 2026. The pricing for both preferential issues is Rs 110 per share, which is the SEBI mandated floor price based on the April 3, 2026 relevant date.
Shareholders face potential dilution as the company seeks to issue warrants and equity shares to raise approximately Rs 130 crore total. The capital increase enables future issuances, while promoter warrant subscription signals their commitment. The market may view the fundraise positively if it supports business growth.