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Pratiksha Chemicals' board approved raising the authorized share capital from ₹5.57 crore to ₹32 crore to accommodate a large preferential issue. The company will issue 1,70,64,840 fully convertible warrants (convertible within 18 months) and 87,17,750 equity shares at ₹21.72 per share (face value ₹10 + premium ₹11.72), totaling about ₹56 crore, to be allotted to public allottees on a preferential basis. Additionally, the board provisionally approved acquiring more than 51% stakes in two entities — Rudra Debt Solutions and Right Debt Management Services — making them subsidiaries; both are in the debt management and recovery business, a departure from the company's core chemicals operations. An Extra Ordinary General Meeting has been scheduled for February 20, 2026 to seek shareholder approval.
Existing shareholders face significant dilution risk from the large preferential issue and potential warrant conversions, though the ₹56 crore raise and diversification into financial services could fund expansion. The shift from a pure-play chemicals business into debt recovery services represents a notable strategic pivot that investors should watch closely, while the EOGM in February will be a key event for shareholder consent.