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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.
The board of RGF Capital Markets approved raising the company's authorised share capital from ₹15.5 crore to ₹70 crore to facilitate future fundraising. A Share Purchase Agreement (SPA) was signed under which a group of 9 proposed acquirers led by Nishad Jitendra Shah will buy 3,74,69,556 equity shares (24.98% stake) from the existing promoters including MD Sagar Mal Nahata, leading to a change in control and management. This SPA triggers a mandatory open offer under SEBI takeover rules. Separately, the board approved issuing up to 50 crore convertible warrants at ₹1 each on a preferential basis to up to 17 allottees, including the proposed new promoters and non-promoter investors, for an aggregate consideration of up to ₹50 crore. An Extra Ordinary General Meeting (EGM) has been scheduled for April 9, 2026, to seek shareholder approval for these matters.
This is a significant corporate event involving a complete change in promoter control, a sharp increase in authorised capital, and a large preferential warrant issue that could lead to substantial equity dilution upon conversion. Shareholders should watch for the open offer price and EGM outcome, as these will determine the takeover cost and potential dilution impact on existing shareholdings.