Board approves preferential issue of shares and convertible warrants
SEJALLTD · price
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The board approved raising funds through a preferential allotment of 1,300,000 equity shares of Rs 10 each and 400,000 convertible warrants for promoter-group investors. The cash issue also includes non-promoter investors and requires shareholder approval by postal ballot. Voting runs from September 16 to October 15, 2025, with results due by October 16.
The issue could raise capital if completed, but new shares and warrant conversion may dilute existing shareholders. Shareholder approval is pending.