Sirca Paints India Limited has informed the Exchange regarding Board meeting held on July 31, 2025.
SIRCA · price
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On the reaction day the stock moved 1.9 pts more than Nifty Microcap 250 and 1.4 pts more than its Paints peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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The Board of Sirca Paints India met on July 31, 2025, and revised the list of proposed allottees for its earlier approved preferential issue of up to 20,11,000 equity shares at ₹379.50 per share, aggregating to about ₹76.32 crore. One allottee (New Spice Sales and Solution Limited) was removed and Cellucom Retail India Private Limited was added, while all other terms — issue size, price and total shares — remain unchanged. All shares are being allotted to the Non-Promoter, Public Category. The issue price includes a premium of ₹369.50 per share over the face value of ₹10. The Board also approved a corrigendum to the notice of the Extra-Ordinary General Meeting scheduled for August 5, 2025, to reflect these changes. The largest single allottee remains Sirca S.P.A at 2,63,500 shares (about ₹10 crore).
Existing shareholders will see dilution once the preferential shares are allotted post-EGM approval. The change in allottees is minor (one deletion, one addition) and does not alter the fundraising amount or price, so material impact on the stock should be limited unless investor response at the EGM is weak.