Board approves preferential issue worth about Rs 30 crores
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Board approved preferential issue of 1.70 crore warrants convertible into equity shares at Rs 17 each (including Rs 7 premium) aggregating to about Rs 29 crores, plus 5.88 lakh equity shares at Rs 17 each worth about Rs 1 crore, all to non-promoters. Issue price based on registered valuer's report dated 29 July 2026. Also approved MDAR and Director's Report for FY26, and 8th AGM on 27 August 2026. Total issue about Rs 30 crores, subject to shareholder approval at AGM.
Fundraising worth about Rs 30 crores from non-promoters; warrants conversion within 18 months may further dilute existing shareholders.