EXTRA ORDINARY GENERAL MEETING OF THE COMPANY IS SCHEDULED TO BE HELD ON FRIDAY, JANUARY 16, 2026 AT 03:00 P.M. VIA VC/OAVM MEANS
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Suditi Industries has called an EGM on January 16, 2026 at 3:30 PM via video conference to seek shareholder approval on six key items. The company plans to raise its authorised share capital from Rs. 60 crore to Rs. 70 crore (adding 1 crore equity shares of Rs. 10 each). It is also seeking shareholder nod to raise its Section 186 borrowing/investment limit to Rs. 500 crore. The MOA's object clause will be altered to include retailing, trading, franchising, and distribution of apparel, fashion, lifestyle, footwear, cosmetics, and consumer goods. Mr. Raja Gopal Chinraj (DIN: 00158832) is proposed for re-appointment as Whole-time Director and CEO for three years from June 1, 2026 to May 31, 2029, despite being 75 years old. The company plans to issue 72,67,667 warrants (convertible into equity shares at Rs. 59.12 each, aggregating Rs. 42.97 crore) and 26,90,733 equity shares (at Rs. 59.12 each, aggregating Rs. 15.91 crore) on a preferential basis to non-promoter entities and individuals, totalling a planned fundraise of about Rs. 58.87 crore.
If approved, the preferential issue to non-promoters could result in dilution of existing shareholders, with total equity dilution of roughly 99.58 lakh shares (warrants + equity). The shift toward retail and consumer goods in the MOA signals a potential business diversification from textile manufacturing. Shareholders should review the preferential allotments and the CEO's re-appointment terms before the e-voting window of January 13–15, 2026.