EGM Notice on December 10,2025
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Stellant Securities (India) Ltd has called an Extra-Ordinary General Meeting (EGM) on December 10, 2025. Three special businesses are on the agenda: (1) Increase the authorized share capital from Rs. 5 crore (50 lakh equity shares of Rs. 10) to Rs. 7 crore (70 lakh equity shares of Rs. 10) and amend the MoA accordingly. (2) Issue up to 7,05,882 convertible warrants to promoters Mangla Subhash Rathod and Subhash Rathod (352,941 each) on a preferential basis at Rs. 340 per warrant, aggregating up to Rs. 23.99 crore. (3) Issue up to 25,57,730 equity shares to about 50 non-promoter public category allottees at Rs. 290 per share (Rs. 280 premium), aggregating up to Rs. 74.17 crore. The relevant date for pricing is November 11, 2025. Remote e-voting runs from December 7-9, 2025, with the cut-off date for voting on December 3, 2025.
The company is set to raise up to roughly Rs. 98 crore combined via preferential allotments, which could lead to meaningful dilution for existing shareholders once warrants convert over 18 months. Promoters are increasing their stake commitment, while the large public-category allotment broadens the shareholder base. Investors should watch the December 10 EGM outcome for confirmation of dilution levels and the eventual use of funds.