The Company hereby submits Outcome of Board Meeting held on Monday, 30th March, 2026 pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
The Board of Directors of Simran Farms Limited, in their meeting held on 30th March 2026 (10:45 AM to 11:45 AM), approved two key items. First, the allotment of 10,18,300 equity shares upon conversion of an equal number of warrants at Rs. 155 per share (including a premium of Rs. 145 per share), with the company having received the remaining 75% subscription amount of Rs. 116.25 per share from warrant holders belonging to the promoter group and non-promoters/other persons. The total allotment value works out to approximately Rs. 15.78 crore. Second, the Board approved a Postal Ballot notice with explanatory statement and authorized the Company Secretary to conduct the e-voting process for seeking shareholder approval on the proposed resolution.
The conversion of warrants into equity shares will increase the company's outstanding share count by 10.18 lakh shares, leading to some dilution for existing shareholders. However, the promoter group's payment of the remaining 75% subscription amount signals continued confidence and commitment to the company. Shareholders should watch for the postal ballot notice for further corporate action requiring their voting.