The Board of Directors of the Company Approved 1) the increase in the Authorized Share Capital of the Company, 2) issue of up to 40000040 Equity Shares of Rupee 1/- each of the Company ....
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Shish Industries' Board, at its meeting on December 22, 2025, approved raising the Authorised Share Capital from ₹40 crore to ₹53 crore (divided into 53 crore equity shares of ₹1 each) to facilitate future fund-raising. The Board also approved issuing up to 4,00,00,040 equity shares of ₹1 each on a preferential basis to 7 non-institutional individual investors. In addition, it approved issuing up to 8,40,59,230 fully convertible equity warrants (each convertible into one ₹1 equity share within 18 months) to 192 other non-institutional individuals, taking the total allottees to 199. The issue price for both the shares and warrants is yet to be determined and will be fixed as per SEBI ICDR Regulations; the allotments are subject to shareholder and regulatory approvals. Following the preferential issue on a fully diluted basis, promoter shareholding would drop from 60.55% to 45.70%, while the public shareholding would rise from 39.45% to 54.30% of total shares (5,06,00,980).
This signals a significant equity dilution for existing shareholders, with the promoter group's stake falling below the 50% majority threshold. The actual price and use of funds (not disclosed in this filing) will be key to assessing whether the raise is value-accretive or dilutive at current market levels.