1. To consider, approve and take on record the Notice of the annual general meeting for the financial year 2024-2025. 2. To appoint CS Adhishree Pimplapure, Practicing Company Secretary ....
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Shakti Press Ltd's board, at its meeting on August 30, 2025, approved the notice for the 32nd AGM scheduled for September 26, 2025. The board also approved a major capital raise via preferential issue of 1,00,00,000 (1 crore) fully convertible equity warrants at Rs. 27.25 per warrant, potentially raising up to Rs. 27.25 crore from 23 specific allottees. To accommodate this, the authorised share capital will be increased from Rs. 11 crore to Rs. 16.53 crore (equity shares rising from 80 lakh to 1.35 crore). Each warrant is convertible into one equity share of Rs. 10 face value within 18 months, with 25% upfront payment. Top allottees include Deep Ketan Nayak (15.53%), Suhagia Bhanubhai Nagjibhai (15.19%), Priyank Panchal (13.31%), and several members of the Suhagia family. The board also appointed Mr. Subrat Banerjee as Executive Director, M/s Jain Paranjape & Associates as Secretarial Auditor, and InstaVote (MUFG Intime) as the e-voting agency.
Existing shareholders will see significant potential dilution — if all 1 crore warrants are converted, the equity base expands by about 74%. However, the issue price of Rs. 27.25 is well above the Rs. 10 face value, suggesting confidence in the company's valuation. The preferential route means public shareholders have no subscription right, and the high concentration of warrants among a few allottees (some potentially related parties) could shift control dynamics. Shareholders should attend the September 26 AGM and vote on these resolutions.