Pursuant to Regulation 30 of SEBI LODR Regulations, 2015, we hereby submit the Notice of Extra ordinary General Meeting to be held on January 22, 2026 at 12:00 Noon IST through Video Conference ....
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Shish Industries Limited has called an Extra-Ordinary General Meeting on January 22, 2026 (via video conferencing) to seek shareholder approval for three special resolutions. The first resolution seeks to increase the authorised share capital from Rs. 40 crore to Rs. 53 crore (divided into 53 crore equity shares of Rs. 1 each). The second resolution proposes a preferential issue of up to 4,00,00,040 equity shares at Rs. 12 per share (including Rs. 11 premium) to 7 non-promoter individuals, potentially raising about Rs. 48 crore. The third resolution proposes issuing up to 8,40,59,230 fully convertible equity warrants at Rs. 12 per warrant (25% upfront, 75% on exercise within 18 months) to nearly 192 non-promoter allottees, which if fully converted would mean an additional ~Rs. 100.87 crore of equity infusion. The relevant date for pricing is December 23, 2025, and the e-voting window runs from January 19 to January 21, 2026.
This is a significant equity dilution event. Existing shareholders' stakes will be reduced because up to ~12.4 crore new shares/warrants are proposed to be issued, potentially more than doubling the current equity base. If all warrants are converted, the company could raise close to Rs. 149 crore, but share prices may come under pressure in the short term due to dilution. Existing shareholders should review the allottee list and consider voting on the resolutions at the upcoming EGM.