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 capital raising proposals. First, the company proposes to issue 10 lakh equity shares at Rs. 46 per share to 6 non-promoter allottees (including Glassil Industries LLP), raising Rs. 4.6 crore. Second, the company proposes to issue 10 lakh convertible warrants at Rs. 46 each to the same allottees, raising another Rs. 4.6 crore - these warrants are convertible into equity shares within 18 months (25% upfront payment, 75% on conversion). Third, the company seeks prior approval for promoters and directors to provide loans up to Rs. 50 crore with an option to convert into equity shares upon default. E-voting runs from May 13 to June 11, 2026.
Shareholders face potential dilution of approximately 13.5% if all equity shares and warrants are issued. The Rs. 50 crore loan conversion provision gives promoters/directors additional equity upside if the company defaults, which could further dilute public shareholders.