as per attachment.
Price
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Awaiting price reaction for this filing.
Pratiksha Chemicals Ltd has withdrawn its previously announced plans to issue up to 1,70,64,840 fully convertible warrants and up to 87,17,750 equity shares on a preferential basis, which had received shareholder approval at an EGM on February 20, 2026. The Board also decided not to proceed with making Rudra Professional Services Pvt Ltd and Right Debt Management Services Pvt Ltd its subsidiaries. The reason cited is that some of the proposed investors withdrew their consent to subscribe to the issue. The company has stated that this withdrawal will not impact its financial stability, operations, or growth prospects.
Neutral to slightly negative — the fundraising and acquisition plans have been called off due to investor pullback, but management assures no impact on financial stability or operations, so the immediate effect on shareholders should be limited.