Sharat Industries Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 02/09/2025 ,inter alia, to consider and approve Preferential issue, Issue ....
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Sharat Industries has called a Board meeting on 2 September 2025 to consider raising funds through a preferential issue of equity shares and warrants convertible into equity shares. The Board will also look at issuing equity shares in exchange (swap) for shares of Katyayini Aquatech Private Limited on a preferential basis. Additionally, it plans to forfeit 2,41,174 partly paid-up rights equity shares where call money was not received despite reminders. The company also proposes to increase its authorised share capital and amend the capital clause of its Memorandum of Association. The trading window has been closed for designated persons until 48 hours after the Board meeting outcome.
Shareholders should expect potential dilution from the preferential issue and warrant issuance, along with a possible acquisition of Katyayini Aquatech via share swap. The forfeiture of partly paid-up shares could slightly clean up the capital structure, while the authorised capital hike signals room for future fundraising.