We hereby informed you that the Board of Directors, in thier Meeting held on February 26, 2026, has approved (1) allotment of 40000040 Equity Shares of Rupees 1.00 each at a price of Rupees ....
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The Board of Shish Industries approved the allotment of 4,00,00,040 equity shares at Rs. 12 per share (face value Rs. 1 + premium of Rs. 11), aggregating to Rs. 48 crore, through a preferential issue. Additionally, 8,11,42,550 fully convertible equity warrants were allotted at Rs. 12 per warrant, with 25% upfront subscription money of Rs. 24.34 crore collected from the allottees. Post-allotment, the company's paid-up equity share capital has increased to Rs. 42.19 crore (4,21,95,590 shares) from Rs. 38.19 crore (3,81,95,550 shares). The new shares will rank pari passu with existing equity shares.
Significant equity dilution for existing shareholders — if the warrants are fully exercised, the share count could rise by nearly 2x. The Rs. 48 crore (plus potential Rs. 97.4 crore from warrant conversion) capital infusion may support growth, but shareholders should watch for the end use of funds and the identity of the allottees.