EGM on Aug 12 to approve Rs 100 crore preferential warrants to promoters

Board & Shareholder Meetings View source PDF

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AI summary

Sangam (India) EGM on 12 Aug 2026 at 11:30 AM via video call. Agenda: issue 18 lakh warrants at Rs 555.56 each to promoters and promoter group, aggregating about Rs 100 crore. Allottees include 4 promoter individuals and 2 promoter group firms. Proceeds for capex on yarn, denim and garment capacity expansion, modernization, working capital and general needs. Remote e-voting runs 8 to 11 Aug; cutoff 5 Aug.

Likely market impact

Promoter fundraise of about Rs 100 crore signals confidence; on full conversion it will dilute existing shareholders. Vote via remote e-voting 8 to 11 Aug.