EGM seeks approval for preferential issue of 27.70 lakh shares
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
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At the EGM on November 23, 2026, shareholders will vote to issue 20,96,151 shares at Rs 23.70 each for a 1-for-1 swap to acquire 51% of Cleanux Green Solution, plus 6,73,579 promoter shares at Rs 24 each for cash. This raises Rs 1.62 crore and values the swap at Rs 4.97 crore. Authorised capital will rise from Rs 4.28 crore to Rs 7.28 crore. The EGM will also consider buying office premises from the MD for up to Rs 3.50 crore.
Up to 39.6% post-issue dilution is possible if all shares are issued. The Cleanux acquisition may diversify revenue; no control change is expected.