Sejal Glass Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 15/09/2025 ,inter alia, to consider and approve Fund Raising Proposal through Preferential ....
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Sejal Glass Ltd has informed BSE that its Board of Directors will meet on September 15, 2025, to consider and approve a fund-raising proposal. The company plans to raise money by issuing equity shares and/or convertible warrants through a preferential issue or any other permitted mode, in line with SEBI's ICDR Regulations. Shareholder approval will be sought via postal ballot. The trading window has already been closed and will remain closed until 48 hours after the conclusion of the 27th Annual General Meeting, in compliance with insider trading rules.
This signals potential equity dilution for existing shareholders, as new shares or convertible warrants will be issued to specific investors. The preferential route means shares will be allotted at a price determined by SEBI regulations, not the open market, which could pressure the stock price near the announcement.