Allotment of 6,90,000 Equity Share on Preferential Basis
Price
▲ 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 Sanrhea Technical Textiles has allotted 6,90,000 fully paid-up equity shares at Rs. 52 per share (face value Rs. 10, premium Rs. 42) to two promoter-group allottees, raising Rs. 3.59 crore in total. The shares went to Tushar Mahendrabhai Patel (2,90,000 shares for Rs. 1.51 crore) and Tejalben Tusharbhai Patel (4,00,000 shares for Rs. 2.08 crore). The allotment was carried out under SEBI ICDR Chapter V after shareholder approval via postal ballot on 15 March 2025 and BSE in-principle approval in April 2025. Post-allotment, the two promoters' combined holding rises, with Tushar Patel moving to 31.20% and Tejalben Patel to 20.84% of the company's equity.
This is a small promoter-driven capital infusion of about Rs. 3.59 crore that increases promoter control rather than diluting it, which is generally seen as a positive signal of promoter confidence but also concentrates ownership further.