Board Meeting held on December 22, 2025 for Fund raising by way of Preferential Issue, Considered and approved the issue of up to 9,00,00,000 (Nine Crore) Fully Convertible Warrants ('Warrants'), ....
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PMC Fincorp's board, at its meeting on December 22, 2025, approved raising funds by issuing up to 9 crore (9,00,00,000) fully convertible warrants to non-promoter category investors at Rs. 2.62 per warrant, aggregating up to Rs. 23.58 crore. Each warrant carries the right to subscribe to one equity share of Re. 1 face value. The warrants will be allotted to 6 non-promoter allottees, with the largest being Subhash Phootarmal Rathod (4.4 crore warrants), followed by Stellant Securities (2 crore) and Animax Ventures (1 crore). The pricing follows SEBI ICDR Chapter V norms and is subject to shareholder approval at an upcoming EGM.
This is a dilutive fundraising event — existing shareholders will see equity dilution if all warrants are converted into shares. The capital infusion of Rs. 23.58 crore may strengthen the company's books, but the small float and non-promoter allotment could weigh on the stock in the short term.