Considered and approved the allotment of 1,27,25,000 equity shares of the company on Preferential basis
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The board of Shree Rajasthan Syntex, on November 28, 2025, approved the allotment of 1.27 crore equity shares at Rs. 13.25 per share (face value Rs. 10) on a preferential basis. Of these, 81.25 lakh shares were issued for cash to 10 allottees, including 5.5 lakh shares to promoter group entity Shree Shyam Distributors and the rest to non-promoters such as Peppy Enterprise (20 lakh), Anish Kishore Modi (10.75 lakh) and Yash Kela (10 lakh). The remaining 46 lakh shares were issued against conversion of existing unsecured loans — 31 lakh to promoter group entity V K Texchem and 15 lakh to non-promoter Matrix Back Office Services. Post-issue paid-up equity capital rises to Rs. 40.74 crore (4.07 crore shares), up from about Rs. 28.01 crore earlier. Combined promoter and these allottees' shareholding increased from 46% to 62.86% with no change in control.
Existing public shareholders face meaningful dilution as the share count jumps by roughly 45%, though about 36% of the new shares are issued against debt conversion which may strengthen the balance sheet. The promoter group's effective control remains intact (V K Texchem at ~24.75% post-issue).