Board approves preferential issue of shares and warrants worth Rs 33 crore

Board & Shareholder Meetings View source PDF

SHIVALIK · price

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AI summary

Shivalik Rasayan board approved a preferential issue of 3,72,000 equity shares at Rs 250 each to five public category allottees, raising up to Rs 9.30 crore. It also approved 9,48,000 fully convertible warrants at Rs 250 each to promoter Growel Remedies and two public investors, worth up to Rs 23.70 crore, convertible within 18 months. EGM scheduled for August 20, 2026 for shareholder approval.

Likely market impact

Potential dilution for existing shareholders. Subject to EGM and regulatory approvals.