1. The increase in authorised share capital from existing ?7,00,00,000 divided into 70,00,000 Equity Shares of ? 10/- each to ?8,00,00,000/- divided into 80,00,000 Equity Shares of ?10/- ....
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The Board of Sunita Tools Ltd, at its meeting on November 8, 2025, approved increasing the authorised share capital from ₹7 crore (70 lakh shares) to ₹8 crore (80 lakh shares) of ₹10 each, subject to shareholder approval. It also approved issuing 8,73,282 convertible warrants at ₹800 each on a preferential basis to 18 non-promoter investors, which could raise up to around ₹69.86 crore if all warrants are converted within 18 months. The top allottee is Anil Yadav (5,30,870 warrants), followed by Shruti Agrawal (90,000) and Rashi Fincorp Limited (65,000). Post full conversion, promoter holding will fall from 62.75% to 55.12%. Additionally, the Board noted an unsecured loan of ₹24.52 crore given by three directors (Satish Pandey, Sanjay Pandey, and Ragini Pandey) to the company. An EGM will be held to seek shareholder approval.
Existing shareholders will see dilution of about 7.6 percentage points in promoter stake once warrants are exercised, but the company stands to raise significant capital (up to ~₹70 crore) to fund growth. The unsecured loan from directors is a positive signal of promoter confidence, though it adds to the company's repayment obligations.