Shivamshree Businesses Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 12/06/2026 ,inter alia, to consider and approve Withdrawal and Cancellation ....
Awaiting price reaction for this filing.
Shivamshree Businesses Ltd has informed BSE that its Board of Directors will meet on Friday, June 12, 2026, to consider and approve the withdrawal and cancellation of a proposed preferential allotment of up to 1,43,50,000 (1.435 crore) equity shares, which was earlier approved by the Board on May 19, 2026. The Board will also reschedule the 43rd Annual General Meeting (originally fixed for June 29, 2026) and revise the related book closure and e-voting cut-off dates. The trading window for insiders remains closed until 48 hours after the Board meeting outcome is shared with the exchange.
For shareholders, this filing signals a reversal of a recently announced fundraising plan via preferential shares, which would have diluted existing equity. The cancellation of the preferential issue may be seen as neutral to slightly positive for current shareholders (no dilution), but it also indicates the company is not proceeding with that capital raise. The AGM postponement is a procedural matter but worth tracking for a new date.