Pursuant to Special Resolution passed by the Members of Shakti Press Limited in AGM (Including Remote E-Voting) on September 26, 2025, and pursuant to the "In-principle Approvals" granted ....
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Shakti Press Ltd's board, at its meeting on January 17, 2026, approved the allotment of 52,30,000 fully convertible equity warrants to non-promoter allottees on a preferential basis at Rs. 27.25 per warrant (face value Rs. 10 + premium Rs. 17.25). This is the second tranche, following shareholder approval at the AGM on September 26, 2025 and BSE in-principle approval on January 2, 2026. The company has received 25% of the consideration upfront as required under SEBI ICDR rules, with the balance 75% payable on conversion within 18 months. Since these are warrants and not shares, there is no immediate change in paid-up share capital. Major allottees include Suhagia Bhanubhai Nagjibhai (20,55,000 warrants, 15.81% post-conversion stake), Priyank Panchal (18,00,000 warrants, 13.85%), and Abhishek Chhajed (6,75,000 warrants, 5.19%).
Existing shareholders face potential dilution: if all warrants are converted, the 10 named non-promoter allottees will collectively hold over 40% of the expanded share capital. The company is raising fresh capital in tranches, with immediate inflow of 25% (~Rs. 3.56 crore) and the remaining ~Rs. 10.69 crore due on conversion within 18 months.