The board of directors of the company approved issue of equity shares and convertible equity warrants
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Awaiting price reaction for this filing.
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.