Board approves Rs 30 crore preferential issue, AGM on Aug 27
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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 (Rs 7 premium), raising about Rs 29 crore from 14 non-promoter allottees. Also approved issue of 5.88 lakh equity shares at Rs 17 to Atharva LLP for about Rs 1 crore. Total fundraise about Rs 30 crore. Issue price based on valuation by registered valuer, with 28 July 2026 as the relevant date. Also approved MDAR and Director's Report for FY26 and fixed the 8th AGM on 27 August 2026.
Dilution risk for existing shareholders as up to 1.76 crore new shares may be issued. All preferential allotments need shareholder approval at AGM on 27 Aug.