Please find attached outcome of Board Meeting held on Monday 16th February 2026 at 4.00 PM.
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The Board of Pune E-Stock Broking Ltd, which met on February 16, 2026, approved raising up to ₹37.44 crores through a preferential issue of 16,00,000 fully convertible warrants at ₹234 per warrant, each convertible into one equity share of ₹10 face value. Allottees include the promoter group (5,00,000 warrants) and non-promoter public investors (11,00,000 warrants). After the issue, promoter group holding will marginally dip from 51.95% to 50.23%, while public holding rises from 48.05% to 49.77%. The Board also approved increasing authorized share capital to ₹25 crores, expanding board strength from 15 to 20 directors, and called an EGM on March 13, 2026 to seek shareholder approval. Appointment of Compliance Officer and Principal Officer for the Merchant Banking division was postponed.
The preferential warrant issue will dilute existing shareholders by around 9% on a fully converted basis but brings in fresh capital for growth. Marginal reduction in promoter shareholding signals modest promoter dilution, which is generally neutral for retail investors pending clarity on use of funds.