Sejal Glass Limited has informed the Exchange about issue of Securities
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Sejal Glass Limited has received shareholder approval at its 27th Annual General Meeting on September 30, 2025 to raise up to Rs. 24 crore through the issue of 24 lakh Non-Convertible Redeemable Preference Shares (NCRPS) of face value Rs. 100 each. The securities will be issued on a private placement basis, in one or more tranches. The sole identified investor is M/s. Dilesh Roadlines Private Limited, which is a promoter group company. The issue is subject to necessary regulatory and statutory approvals. This is essentially a promoter-group capital infusion structured as redeemable preference shares rather than equity.
Since the investor is a promoter-group entity, this signals promoter commitment and strengthens the company's capital base without public dilution. However, as the NCRPS are redeemable, the company will have a future repayment obligation, so it functions more like long-term promoter funding than permanent capital.