Outcome of Board Meeting.
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
The board approved acquiring a 39.45% stake in Spino Poly Products Private Limited through a share swap at a 1:1 ratio, taking Spinaroo's total holding in Spino Poly to 51% (it already held 11.55% from September 2025). Spino Poly is a Kolkata-based plastic and paper products manufacturer with FY25 turnover of about Rs. 13 crore. The board also approved a preferential issue of up to 7,89,000 equity shares at Rs. 59.02 each (totalling around Rs. 4.66 crore) to promoters and promoter group entities, and increased the authorised share capital from Rs. 7 crore to Rs. 9 crore. The share swap constitutes a related-party transaction and is subject to shareholder approval at an EGM scheduled for March 11, 2026.
For shareholders, this is a meaningful expansion into plastic and paper manufacturing via a share-swap deal with no cash outflow, but it does increase share dilution through the preferential allotment to promoter-group allottees and adds related-party transaction risk. The EGM outcome on March 11, 2026 will be the next key trigger for the stock.