Corrigendum to EGM notice; share swap to acquire Bell Granito Ceramica
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Restile Ceramics issued a corrigendum to its EGM notice fixing the pre and post issue shareholding table. EGM is on October 28, 2026 via video conferencing to consider 5 items: adopting new MoA, raising authorized capital from Rs 100 Cr to Rs 320 Cr, hiking investment limit to Rs 500 Cr, acquiring 98.89 percent of Bell Granito Ceramica via share swap (ratio 1000:585) worth up to Rs 222.93 Cr, and issuing up to 21.12 Cr shares on preferential basis for non-cash consideration.
Share count will nearly triple; existing holders face dilution as promoter stake drops from 72 percent to 66 percent post preferential issue.