Announced Thu, 16 Jul · 16:42 IST

Board swaps two allottees in Rs 21.71 cr preferential issue

Fund Raising View source PDF

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Price reaction · full curve 14 horizons · vs prior close
-6.4%1-day move
₹21.88
prior close
₹20.82
base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
+9.0+8.1+7.5-0.1-6.4-8.2-10.1-11.8-13.5
Up moveDown movePending
AI summary

Sharika Enterprises board on July 16, 2026 replaced two proposed allottees, Amit Dayalji Chauhan and Mehul Suryakant Jain, who became ineligible after selling their existing shares. They were substituted with Surendra Shashikant Parikh and Bhavna Parasmal Chordiya. All other terms of the preferential issue remain unchanged: price Rs 14.33 per share, up to about 1.51 crore equity shares, total issue size around Rs 21.71 crore, spread across 98 non-promoter allottees. Notable investors include Veloce Opportunities Fund II, Bridge India Fund, Veloce Innovations LLP, and Aarii Ventures.

Likely market impact

Procedural change only; issue price, size, and terms unchanged, so minimal direct impact on existing shareholders.