Proceeding of 01/2025-26 Extra Ordinary General Meeting
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Shelter Pharma Ltd held its Extra Ordinary General Meeting on July 23, 2025, at its registered office in Himmatnagar, Gujarat. The main item on the agenda was a special resolution to create, offer, issue, and allot up to 91,02,000 Convertible Equity Share Warrants at a price of INR 42.25 per warrant (face value INR 10, premium INR 32.25), aggregating up to approximately INR 38.46 crores. The warrants are to be issued on a private placement and preferential basis to allottees belonging to the Promoter Group and Non-Promoters. Each warrant can be converted into one equity share at INR 42.25 per share. The meeting was chaired by Managing Director Mr. Mustaqim Nisarahmed Sabugar, with quorum present throughout. No questions were raised by shareholders, and voting results are expected to be announced within 48 hours.
If approved, this preferential issue of warrants could raise up to INR 38.46 crores but may lead to dilution of existing shareholders' equity. The participation of the Promoter Group signals promoter confidence in the company's future prospects, though the exact use of funds was only briefly mentioned without detailed breakdown.