Intimation of Postal Ballot Notice
ROML · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Raj Oil Mills Ltd is seeking shareholder approval via postal ballot for three special resolutions. First, the company proposes to issue up to 10 lakh equity shares at Rs 46 per share (face value Rs 10 + premium Rs 36) to 6 non-promoter allottees, raising Rs 4.6 crore. Second, the company proposes to issue up to 10 lakh convertible warrants at Rs 46 each to the same allottees, raising another Rs 4.6 crore — warrant holders pay 25% upfront and 75% later, with conversion rights within 18 months. Third, the company seeks approval to raise loans up to Rs 50 crore from promoters/directors with an option for lenders to convert such loans into equity shares at a price to be decided at conversion time. The e-voting period runs from May 13 to June 11, 2026, with May 8, 2026 as the cut-off date. All allottees are non-promoters, and no specific business purpose is stated in the notice.
This is a significant capital-raising exercise that will cause share dilution for existing shareholders. The equity and warrant issues together could dilute existing shareholding by up to 20 lakh shares at Rs 46 each. The Rs 50 crore loan facility with conversion rights could lead to further dilution depending on the conversion price and timing. Shareholders should assess whether the capital infusion benefits the company or primarily serves new investors.