Allotment of Equity Shares on Preferential Basis
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The board of Sunrakshakk Industries India Ltd approved the allotment of 11,69,600 equity shares at Rs. 840 per share (face value Rs. 10, premium of Rs. 830 per share), aggregating to about Rs. 98.25 crore. Shares were allotted on a preferential basis to promoters, promoter group entities, and non-promoter public investors, including Fashion Suitings Pvt Ltd (5,00,000 shares) and Authum Investment and Infrastructure Ltd (2,45,000 shares). Post-allotment, the paid-up equity capital rises to Rs. 6.20 crore comprising 62,01,350 shares. The board also approved audited standalone and consolidated financial results for Q4 and FY25, with the auditors issuing an unmodified opinion. Additionally, new internal and secretarial auditors were appointed for FY26 onward.
The preferential issue at a steep premium brings in nearly Rs. 98 crore of fresh capital, which strengthens the company's balance sheet but also dilutes existing shareholders by expanding the share base. Shareholders should watch how the company deploys the raised capital, as it will determine future growth and returns.