Sheetal Cool Products Limited has informed the Exchange regarding Outcome of Board Meeting held on February 26, 2026.
SCPL · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
The Board of Sheetal Cool Products approved the allotment of 8,40,000 convertible warrants to four non-promoter allottees at Rs. 317.65 per warrant, raising Rs. 6.67 crore as the upfront 25% subscription amount. The largest allottee is Orbit Financial Capital, a partnership firm taking 5,40,000 warrants (4.76% post-issue stake), while three individuals — Amit Sheth, Ashish Sheth, and Mamta Sheth — are each taking 1,00,000 warrants (0.88% each). If all warrants are converted within the 18-month window, the allottees collectively will hold 7.40% of the expanded share capital. The Board also appointed M/s. Pitroda Nayan & Co. as the new Secretarial Auditor for five years (FY 2025-26 to FY 2029-30), approved shifting the registered office from Amreli to Ahmedabad, and cleared a postal ballot notice.
The preferential warrant issue brings in fresh capital and signals promoter confidence in raising funds from external investors, but it also creates a potential equity dilution of up to 7.40% if all warrants are converted. Existing shareholders should watch for the share price impact from this expanded capital base and the corporate governance change of moving the registered office to Ahmedabad.