Raising of funds
Price
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Awaiting price reaction for this filing.
Stellant Securities' board has approved raising funds through a preferential issue in two parts. First, 7,05,882 convertible warrants will be issued to promoters Mangla Subhash Rathod and Subhash Rathod at Rs. 340 each, totaling about Rs. 24 crore, with 25% payable upfront and 75% on conversion within 18 months. Second, 25,57,730 equity shares will be issued to 50 public-category investors at Rs. 290 per share, raising approximately Rs. 74.17 crore. The company also plans to increase its authorized share capital from Rs. 5 crore to Rs. 7 crore to accommodate these issuances. An Extraordinary General Meeting is scheduled for December 10, 2025, to seek shareholder approval.
This fundraising will dilute existing shareholders' holdings as new equity and convertible warrants are issued. The significant premium pricing (Rs. 290 and Rs. 340 vs face value of Rs. 10) suggests strong investor confidence in the current valuation. Shareholders should watch the EGM outcome and post-issue shareholding changes.