Sanginita Chemicals Limited has informed the Exchange regarding 'Submission of Notice of EGM in PDF form.
SANGINITA · price
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Sanginita Chemicals has called an Extra Ordinary General Meeting on April 11, 2026, to seek shareholder approval for five major items. First, the company wants to raise its authorized share capital from Rs. 27 crore to Rs. 77 crore by creating 5 crore new equity shares of Rs. 10 each. Second, it plans to issue 1,52,87,356 equity shares to BNG Investment LLC on a swap basis to acquire 100% of Agastya Green Energy Limited. Third, it proposes a cash preferential issue of 1,91,57,080 shares to the same BNG Investment LLC at Rs. 13.05 per share, raising about Rs. 25 crore. It also seeks to raise the Section 186 limit for loans, guarantees and investments to Rs. 100 crore, and increase the Board's borrowing power under Section 180(1)(c) to Rs. 100 crore. If approved, BNG Investment LLC will become a new promoter of the company and the firm will pivot into the green energy business through Agastya Green Energy.
This is a transformational event: existing shareholders will see significant dilution, a new foreign promoter (BNG Investment LLC) will enter, and the company is acquiring a green energy business. The stock may react sharply to the scale of capital changes and the change in business direction once the EGM outcome is known on April 11, 2026.