Details as per Regulation 30 of the SEBI Listing Regulations, 2015 read with SEBI Master Circular No. SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024
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Awaiting price reaction for this filing.
The Board of Directors of PMC Fincorp, at a meeting on December 22, 2025, approved a fund-raising plan through a preferential issue of up to 9 crore fully convertible warrants. Each warrant carries the right to subscribe to one equity share of face value Re. 1, at an issue price of Rs. 2.62 per warrant, taking the total issue size to about Rs. 23.58 crore. The warrants are being issued to six non-promoter allottees, including individuals and private entities such as Animax Ventures, RSP Ventures, Stellant Securities, and others. The pricing has been determined under SEBI's ICDR regulations, and the issue is subject to shareholder approval at an upcoming Extraordinary General Meeting.
Existing shareholders will face dilution once the warrants are converted into equity shares. The relatively low issue price of Rs. 2.62 (against a Re. 1 face value) suggests the stock is valued around this level; while the company gains fresh capital, minority shareholders may view the allotment to non-promoters cautiously, especially given the size of the issue.