Pursuant to Regulation 30 of the SEBI LODR Regulations, Chapter V of SEBI (ICDR) Regulations, 2018 ('SEBI ICDR') and in furtherance to our intimation dated 04th August, 2025, we would like ....
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
The Board approved unaudited standalone and consolidated financial results for Q1FY26 (quarter ended 30 June 2025), along with the auditor's limited review report carrying an unmodified opinion. The Board also approved a preferential issue to promoter Mr. Akash Sethi to raise up to Rs. 2.43 crore through 75,150 equity shares at Rs. 81 each and up to 2,25,450 convertible warrants at the same price. Post-issue, Akash Sethi's stake will rise from 0.35% to 8.03%, which will trigger a mandatory open offer to public shareholders under SEBI takeover regulations. Mr. Atul Kumar Sethi (Akash's father) was re-appointed as Managing Director for three more years (1 December 2025 to 30 November 2028). The 37th AGM is scheduled for 3 September 2025 via video conferencing, with the register of members closing from 28 August to 3 September 2025.
The preferential issue to the promoter family will dilute existing public shareholders by roughly 8% on full conversion and trigger a mandatory open offer, which is generally viewed as neutral to mildly negative for non-promoter holders. The MD re-appointment provides leadership continuity. No specific Q1 financial numbers were disclosed in this filing.