We hereby inform that the Board of Directors of the Company at its meeting held today (commenced at 12.30 p.m. and concluded at 02.40 p.m.), inter alia, transacted and approved the following ....
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Sumedha Fiscal Services Ltd's board approved two preferential issuances totalling up to Rs. 2.67 crore. First, up to 4,00,000 equity shares of Rs. 10 each will be issued at Rs. 41.05 per share (including Rs. 31.05 premium), raising ~Rs. 1.64 crore — split between promoter group member Mrs. Savita Maheshawari (1,00,000 shares) and non-promoter Oasis Securities Ltd (3,00,000 shares). Second, up to 2,50,000 convertible warrants of Rs. 10 each will be issued at Rs. 41.05 each to Mrs. Savita Maheshawari, raising ~Rs. 1.03 crore, with each warrant convertible into one equity share within 18 months upon full payment. Both issuances are subject to shareholder approval at an EGM scheduled for June 11, 2026.
Dilution of up to ~4.76% on a fully diluted basis (assuming full conversion of warrants). No change in control expected. The warrants represent future equity dilution risk if converted.