Please find attached herewith outcome of Meeting of Board of Directors scheduled on Wednesday, 08th April 2026.
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Pune E - Stock Broking Limited's Board of Directors has approved the issuance and allotment of 16,00,000 convertible warrants at Rs. 234 per warrant on a preferential basis. The total issue size amounts to approximately Rs. 37.44 crore. This follows shareholder approval obtained at an Extra-Ordinary General Meeting held on March 13, 2026, and BSE's in-principle approval granted on April 02, 2026. The warrant issuance is being done via private placement (PAS-4 format). The board meeting lasted only 20 minutes, from 3:00 PM to 3:20 PM on April 08, 2026.
The preferential issuance of 1.6 million convertible warrants at Rs. 234 each could dilute existing shareholders' equity. The warrants, once converted, will increase the company's paid-up capital. The impact on stock price will depend on investor sentiment regarding the dilution and the perceived use of funds.