preferential issue of shares
Price
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On the reaction day the stock moved 1.5 pts more than Nifty Microcap 250 and 1.2 pts more than its Other Textile Products peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Suditi Industries' board approved a preferential issue of up to 15,74,182 equity shares (face value Rs. 10) at an issue price of Rs. 57.05 per share, including a premium of Rs. 47.05 each, aggregating up to Rs. 8.98 crore. All shares will go to 11 non-promoter investors, with the largest allotments to ANG Corporate Services (3.5 lakh shares), Sanjay Thakur HUF (3.5 lakh), and Sushant Goel (1.75 lakh). The price was determined per SEBI ICDR Regulations with reference to the relevant date. The issue needs shareholder approval at the AGM scheduled for July 16, 2025 (cut-off date July 9, 2025). The board also approved the FY25 annual report and appointed internal, secretarial auditors and a scrutinizer for the AGM.
Existing shareholders face marginal dilution as fresh equity is issued to non-promoters, but the price carries a healthy premium over face value, signalling investor willingness to pay above par. Net cash inflow of up to ~Rs. 9 crore could strengthen the company's capital base, though the small size limits material impact on stock price.