We have attached herewith outcome of Board Meeting as per Reg. 30 of SEBI (LODR) Regulations, 2015. Kindly take the same on your record. Thank you.
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Sonalis Consumer Products Ltd's board met on October 18, 2025, and approved a plan to raise up to Rs. 50 Crores by issuing convertible warrants to the promoter and promoter group on a preferential basis. These warrants will be convertible into equity shares of Rs. 10 face value each, in line with SEBI's ICDR Regulations. The exact number of securities to be issued and other related details will be decided at a subsequent board meeting. The board meeting lasted one hour, from 6:30 PM to 7:30 PM. Since the warrants are being issued only to the promoter group, existing public shareholders will not have an immediate opportunity to participate.
This fund raise signals promoter confidence and brings fresh capital into the company, but converting these warrants into equity will increase the promoter's stake and dilute existing public shareholders when the conversion happens.