Board approves preferential issue of 23.9 lakh shares to promoters
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
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Board approved a preferential issue of up to 23,90,000 equity shares at Rs. 20.47 each (total up to Rs. 4.89 crore) to 8 promoters and promoter group members. MD stake will rise from 11.55 percent to 15.29 percent. Also approved 5th AGM on Sep 11, 2026, re-appointment of two independent directors, shift of registered office from Kerala to Delhi, and increased borrowing limit up to Rs. 500 crore. Managerial remuneration increases also approved.
Small preferential issue to promoters (about Rs. 4.89 crore), so dilution is limited. Governance flag: waivers granted for excess managerial remuneration.