Notice of the EGM to be held on Thursday, the 11th June, 2026 at 11.30 a.m. through VC/OAVM along with email communication covering the Notice.
Price
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Sumedha Fiscal Services Ltd has called an EGM on June 11, 2026 to seek shareholder approval for two preferential issues. First, up to 4 lakh equity shares at Rs. 41.05 per share (including Rs. 31.05 premium) aggregating Rs. 1.64 crore, to be allotted to Mrs. Savita Maheshwari (1 lakh shares, promoter group) and Oasis Securities Limited (3 lakh shares, non-promoter). Second, up to 2.5 lakh fully convertible warrants at Rs. 41.05 each aggregating Rs. 1.03 crore, to Mrs. Savita Maheshwari only. Each warrant is convertible into 1 equity share within 18 months, with 25% payable upfront and 75% on conversion. The relevant date for pricing is May 12, 2026. Voting will be conducted electronically from June 8-10, 2026.
Shareholders face potential dilution as the combined equity issuance could increase share capital significantly. The promoter's participation in both deals suggests confidence but also increases their holding, which may concern minority shareholders.