Piccadily Sugar & Allied Industries Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 05/02/2026 ,inter alia, to consider and approve non-convertible, ....
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Piccadily Sugar & Allied Industries has informed BSE that its Board of Directors will meet on Thursday, 05 February 2026, to consider and approve the issuance of Non-Convertible, Cumulative, Non-Participating, Redeemable Preference Shares (NCRPS) on a private placement basis. The proposed issue is for up to 1,00,00,000 (1 crore) preference shares with an aggregate value not exceeding Rs. 10 crore. The filing has been made under SEBI Listing Regulations, 2015. NCRPS are redeemable (not convertible into equity) and carry a fixed cumulative dividend, but holders do not participate in profits beyond that.
This is a small capital raise of up to Rs. 10 crore via preference shares. Since the shares are non-convertible and non-participating, there is no immediate equity dilution, but the company will take on a fixed cumulative dividend obligation. Minimal impact expected on existing shareholders or stock price in the short term.