Baard of Directors of the Company in its meeting held today viz Friday 13, 2026 considered and approved. Raising of fund: subject to the approval of shareholder of the company in the ensuing ....
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Superior Finlease Ltd's board, meeting on February 13, 2026, approved multiple items including Q3 FY26 unaudited financial results (quarter ended Dec 31, 2025). The board cleared a preferential issue of up to 15,64,159 equity shares at Rs. 5 per share (face value Rs. 1), raising up to Rs. 78.21 lakh from 6 identified individual investors. The company also proposed increasing its authorised share capital from Rs. 5.5 crore to Rs. 10 crore, subject to shareholder approval. An Extraordinary General Meeting has been scheduled for March 18, 2026 to seek shareholder consent for these proposals.
The preferential issue at Rs. 5 per share (a 400% premium to face value of Rs. 1) will result in modest dilution of around 3-4% for existing shareholders. The fundraise size is very small (under Rs. 1 crore) and the allottees are individual investors, suggesting limited institutional interest. Shareholders should watch for the EGM outcome and any updates on how the capital will be deployed.