The Board of Directors of the company approved issue of upto 40000040 equity shares and issue of up to 84059230 fully convertible equity warrants

Shish Industries Ltd's board has 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 40,000,040 equity shares (face value Re. 1 each) to 7 allottees and up to 84,059,230 fully convertible equity warrants (convertible into 1 equity share each within 18 months) to 192 allottees. All proposed allottees are public non-institutional investors — individuals, HUFs, and partnership firms. If fully subscribed and converted, the total equity base would grow from 38.2 crore shares to 50.6 crore shares, with promoter holding diluting from 60.55% to 45.70% and public holding rising from 39.45% to 54.30%. Issue price will be determined per SEBI ICDR Regulations and is subject to shareholder and regulatory approvals.