EGM on July 17, 2026 to approve preferential share and warrant issuance
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Sharika Enterprises has called an EGM on July 17, 2026 (video conferencing) to seek shareholder approval for two preferential issues. First, up to 1.51 crore equity shares to non-promoters at Rs 14.33 per share, raising about Rs 21.71 crore. Second, up to 38.38 lakh convertible warrants to promoters and non-promoters at Rs 14.33 each, raising Rs 5.5 crore. Promoter allottees include Rajinder Kaul, Ravinder Bhan and Arun Kaul. E-voting: July 14-16, 2026; cut-off date: July 10, 2026.
If approved, these allotments will dilute existing shareholders. Promoter participation signals insider confidence, but new share supply could pressure the stock.