Intimation of date of EGM, Record date and Cut-off for the EGM to be held on 23rd March 2026
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Shree Salasar Investments Ltd has called an Extraordinary General Meeting (EGM) on 23rd March 2026 at 11:00 AM via video conferencing. The e-voting window is from 20th March (9 AM) to 22nd March 2026 (5 PM), with the cut-off date set as 16th March 2026. The EGM will seek shareholder approval to issue 18,50,000 convertible warrants at Rs. 175 per warrant on a preferential basis, aggregating Rs. 32.375 crores — of which 18,00,000 warrants (Rs. 31.5 crores) are earmarked for two promoters (Ajay Dilkush Sarupria and Shailesh Hingarh, 9,00,000 each) and 50,000 warrants (Rs. 87.5 lakhs) for two public allottees. The meeting will also consider four other special resolutions seeking approval to raise the borrowing limit to Rs. 500 crores and to give loans, investments, guarantees and create charges up to Rs. 500 crores under Sections 180, 185 and 186 of the Companies Act, 2013.
If approved, the preferential warrant issue will eventually lead to equity dilution (up to 18.5 lakh new shares) and a significant increase in promoter shareholding. The higher borrowing ceiling of Rs. 500 crores and expanded powers to lend/invest could lead to higher debt and related-party transactions, which shareholders should monitor closely.