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 issued a revised EGM Notice for May 5, 2026 at 5:00 PM via video conferencing. The meeting seeks shareholder approval for three key proposals: (1) Increase in Authorised Share Capital from INR 60.05 crore to INR 100 crore by creating additional 3,99,50,000 equity shares of INR 10 each; (2) Issuance of 90,90,000 Fully Convertible Warrants to Promoter Group entity Yash Agro Products Limited at INR 110 per warrant (totaling up to INR 99.99 crore), convertible into equity shares within 18 months; and (3) Issuance of 27,20,000 equity shares to four Neo Special Credit Opportunities funds (Category II AIFs) at INR 110 per share, raising up to INR 29.92 crore. Total fundraising potential is approximately INR 130 crore. The notice supersedes an earlier submission due to an inadvertent error. Remote e-voting runs from May 2-4, 2026.
The preferential issuance to promoters and institutional investors will dilute existing shareholders. If all warrants convert, promoter holding could increase significantly. Current shareholders should assess voting preferences as this impacts their stake.