Shivamshree Businesses Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 19/05/2026 ,inter alia, to consider and approve Audited Standalone Financial ....
Awaiting price reaction for this filing.
Shivamshree Businesses Ltd has scheduled a Board meeting on May 19, 2026 to consider and approve the Audited Standalone Financial Results for Q4 and FY ended March 31, 2026. The Board will also seek approval to increase Authorized Share Capital from ₹9 crore to ₹9.75 crore and to raise ₹4 crore via a preferential allotment of 2 crore equity shares at ₹2 per share. An AGM will be convened to obtain shareholder approval for the capital increase and preferential issue. The trading window for insiders has been closed since April 1, 2026 and will remain so until 48 hours after the results are declared.
The preferential share issuance of 2 crore shares at a 50% premium to face value will dilute existing shareholders by approximately 33-40% depending on the current share capital structure. The ₹4 crore fundraise may support business growth but existing shareholders face significant equity dilution.