The board of directors of the company approved issue of equity shares and convertible equity warrants
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
On the reaction day the stock moved 4.9 pts more than Nifty Microcap 250 and 4.8 pts more than its Plastic Products - Industrial peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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On December 22, 2025, the board of Shish Industries approved increasing the authorized share capital from Rs. 40 crore to Rs. 53 crore to facilitate fundraising. The board cleared a preferential issue of up to 4,00,00,040 equity shares of Rs. 1 each to 7 non-institutional individual investors. Additionally, up to 8,40,59,230 fully convertible equity warrants will be issued to 192 investors, with each warrant convertible into 1 equity share within 18 months of allotment. The issue price for both instruments will be determined as per SEBI ICDR Regulations. On a fully diluted basis, the promoter group's stake will fall sharply from 60.55% to 45.70%, while the public shareholding will rise from 39.45% to 54.30%, bringing the total share count to about 50.6 crore shares.
This is a significant equity dilution event for existing shareholders, with the promoter group losing its majority on a fully diluted basis. The stock may face short-term price pressure due to the large preferential issuance, though the capital raised could support future growth if deployed effectively.