Board approves preferential issue of shares and convertible warrants
SEJALLTD · price
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The Board approved raising funds by issuing 1,300,000 equity shares of Rs 10 each and 400,000 unlisted convertible warrants through a preferential issue for cash. Shares will go to promoter and non-promoter investors, while warrants will go to promoter-group investors. Shareholders will vote by postal ballot from September 16 to October 15, 2025, with results due by October 16. Issue prices were not disclosed.
If approved, the issues can strengthen cash reserves but dilute existing shareholders. Warrant conversion could cause further dilution, and pricing is not yet known.