We hereby inform you that the Board of Directors of the Company, in their Board Meeting held on February 26, 2026, at the Registered Office of the Company which was commenced at 06:15 P.M. ....
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Shish Industries' board, which met on February 26, 2026, approved the allotment of 4,00,00,040 equity shares at Rs. 12 per share (Rs. 1 face value + Rs. 11 premium), raising Rs. 48 crore via a preferential issue to identified allottees. Additionally, 8,11,42,550 Fully Convertible Equity Warrants were allotted at Rs. 12 per warrant, with an upfront subscription of Rs. 3 per warrant, collecting Rs. 24.34 crore. The warrants can be later converted into one equity share each on payment of the balance amount. As a result, the company's paid-up equity share capital has increased from Rs. 38.19 crore to Rs. 42.19 crore (from 38.19 crore shares to 42.19 crore shares).
Shareholders may see dilution as the equity base expands by roughly 10.5% through the new share allotment, with potential further dilution when the warrants are converted. The total capital being raised (around Rs. 72 crore on a fully subscribed basis) will strengthen the company's funds for growth or working capital needs.