SINGERIND · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Singer India Limited has issued a Postal Ballot notice seeking shareholder approval to issue up to 5,65,397 equity shares (face value Rs. 2 each) on a preferential basis to M/s VSM Group Aktiebolag, a non-promoter entity (likely foreign/Swedish), at an issue price of Rs. 79.59 per share, including a premium of Rs. 77.59. The total aggregate issue size is approximately Rs. 4.50 crore. The proceeds will primarily fund expansion of the company's sewing machine manufacturing facility, including designing and development of tools and equipment (Rs. 437.99 lakh), with Rs. 12 lakh earmarked for issue expenses, to be utilized by March 2028. E-voting runs from November 13, 2025 to December 12, 2025, and the relevant date for pricing is November 12, 2025. No promoter, director, or KMP intends to subscribe to this issue.
Minor dilution for existing shareholders — promoter holding will dip slightly from 30.76% to 30.48% post-issue. The allotment to a single non-promoter entity (VSM Group Aktiebolag) will increase public body corporate shareholding and is positive for long-term manufacturing capacity, though the small issue size (under Rs. 5 crore) limits material impact on the stock.