Simran Farms Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 30/03/2026 ,inter alia, to consider and approve the allotment of 10,18,300 equity ....
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Simran Farms Ltd has informed BSE that its Board of Directors will meet on 30 March 2026. The key item on the agenda is the allotment of 10,18,300 equity shares (face value Rs. 10 each) to promoter group members and other non-promoter persons, pursuant to the conversion of an equal number of share warrants. This allotment will happen upon receipt of the balance 75% of the warrant consideration, indicating that 25% was already paid earlier at the time of warrant issuance. The Board will also approve a postal ballot notice with explanatory statement and e-voting process. The trading window for designated persons remains closed until 48 hours after the Board meeting concludes.
This triggers equity dilution as 10.18 lakh new shares will be issued, but it also means the company is receiving the remaining warrant money, which could strengthen its capital base. Shareholders should expect a minor dilution in their holding, though the warrants were part of a pre-decided issuance plan. The stock may see some activity around the meeting date due to the trading window closure.