Sheetal Cool Products Limited has informed the Exchange about Shareholders meeting
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Awaiting price reaction for this filing.
Sheetal Cool Products has called an Extraordinary General Meeting (EGM) on February 5, 2026 (via video conferencing) to seek shareholder approval for issuing up to 8,40,000 fully convertible warrants to non-promoters on a preferential basis at ₹317 per warrant, potentially raising up to ₹26.63 crore. The proceeds are earmarked for two purposes: ₹15 crore to deploy deep freezers and expand retail outlet coverage, and ₹11.62 crore for advertising, marketing and promotional activities. Each warrant is convertible into one equity share of face value ₹10 within 18 months of allotment, with the allottee paying 25% upfront and the remaining 75% at the time of conversion. Promoters, directors and KMPs are not subscribing to the issue, and if all warrants are exercised, the total share count will rise from 1.05 crore to 1.134 crore shares.
The preferential issue will bring in growth capital for retail expansion and branding, but will dilute the promoter group's stake from 65.59% to 60.735% and slightly dilute existing public shareholders. The stock may see a mixed reaction depending on investor views on dilution versus the deployment of funds into operational expansion.