Sheetal Cool Products Limited has informed the Exchange regarding Appointment of Appointment of M/s. Pitroda Nayan & Co., Company Secretaries as Secretarial Auditor of the Company of the company w.e.f. February 26, 2026.
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Sheetal Cool Products Limited has allotted 8,40,000 convertible warrants at Rs. 317.65 per warrant to four non-promoter allottees, raising Rs. 6.67 crore as the 25% upfront subscription amount. The largest allottee is Orbit Financial Capital (a partnership firm) receiving 5,40,000 warrants, with three individual allottees (Amit Sheth, Ashish Sheth, Mamta Sheth) receiving 1,00,000 warrants each. On full conversion within 18 months, these allottees would collectively hold 7.40% of the company's expanded equity. The board also appointed M/s. Pitroda Nayan & Co. as secretarial auditor for a five-year term (FY 2025-26 to FY 2029-30) and approved shifting the registered office from Amreli to Ahmedabad, both subject to shareholder approval via postal ballot.
The preferential warrant issue brings in new non-promoter investors at a fixed price, which will dilute existing shareholders by up to 7.4% on full conversion. The secretarial auditor appointment and office relocation are routine corporate actions and unlikely to move the stock on their own.