Notice of EOGM of the company to be held on November 12, 2025 is attached herewith.
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Awaiting price reaction for this filing.
Saptak Chem and Business Limited will hold an Extra-Ordinary General Meeting on Wednesday, November 12, 2025 at 11:30 AM via video conferencing. The only special business is the issue of 40,00,000 (40 lakh) convertible equity warrants on a preferential basis to 8 non-promoter allottees (a mix of individuals, HUFs, and one LLP, each allotted 5,00,000 warrants) at Rs. 10.50 per warrant, aggregating Rs. 4.20 crore. Allottees must pay 25% upfront and the remaining 75% within 18 months when they exercise the warrants. The company plans to use Rs. 4.074 crore for working capital and bank guarantee margin and Rs. 0.126 crore for general corporate purposes by March 2026. The floor price of Rs. 10.50 was determined using SEBI ICDR regulations and an independent registered valuer's report dated October 14, 2025.
If approved, this preferential allotment will lead to dilution of existing shareholders upon warrant conversion, though control of the company will not change. The Rs. 4.2 crore raise is relatively modest and aimed at strengthening working capital rather than funding major expansion.