EGM on Aug 20 for preferential issue of shares and warrants worth Rs 33 cr

Board & Shareholder Meetings View source PDF

SHIVALIK · price

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Price reaction · full curve

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AI summary

Shivalik Rasayan has called an EGM on Aug 20, 2026 to seek shareholder approval for a preferential issue of up to 3,72,000 equity shares at Rs 250 each (Rs 9.30 crore) to public allottees, and up to 9,48,000 fully convertible warrants at Rs 250 each (Rs 23.70 crore) to promoter Growel Remedies and public allottees. Total potential raise about Rs 33 crore for R&D, plant equipment and general corporate purposes.

Likely market impact

Potential equity dilution for existing shareholders; funds to strengthen R&D, plant equipment and general corporate needs.