Outcome of Board Meeting held on 14.02.2026
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The Board of Standard Surfactants Ltd met on February 14, 2026 and approved the unaudited financial results for the quarter ended December 31, 2025, along with the Limited Review Report from the auditors. The Board also approved issuing up to 8,00,000 convertible warrants to the promoter group on a preferential basis at Rs. 58 per warrant, which could raise up to Rs. 4.64 crore if fully converted into equity shares of Rs. 10 face value. The warrants will be allotted to CMD Pawan Kumar Garg (2,54,000), Kunal Garg (3,81,000) and Ankur Garg (1,65,000), with 25% payable upfront and 75% on conversion within 18 months. A postal ballot notice was approved to seek shareholder consent for the preferential issue, and S.N. Saraogi & Associates was appointed as Internal Auditor for FY 2025-26.
The fund raise is modest (~Rs. 4.64 cr) and entirely from promoters, which signals promoter confidence but will dilute existing public shareholders if all warrants are converted. Post-conversion, combined promoter holding will rise from about 46.6% to roughly 51.3%, crossing the majority threshold, which existing investors should factor in.