Intimation For Notice of 01/2025-26, Extra Ordianry General Meeing (EGM) Scheduled to be held on Wednesday, March 18, 2026 at 03:30 P.M. through the VC/OAVM
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 has called an EGM on March 18, 2026 at 3:30 PM via video conferencing. Two special businesses are on the agenda: (1) increase the Authorised Share Capital from Rs. 5.5 crore (5.5 crore equity shares of Rs. 1) to Rs. 10 crore (10 crore equity shares of Rs. 1) with a corresponding amendment to the Memorandum of Association, and (2) issue up to 15,64,159 equity shares on a preferential basis at Rs. 5 per share (Rs. 1 face value + Rs. 4 premium), raising up to Rs. 78.20 lakh from 6 non-promoter allottees. The largest allottee is Ram Bhagat Sharma (6.39 lakh shares, Rs. 31.98 lakh), followed by Ravi Kant Sharma (3.13 lakh shares), who is identified in the explanatory statement as a Director of the company. Notably, the resolution text references 11,64,159 shares / Rs. 58.21 lakh, while the explanatory statement and allottee table total to 15,64,159 shares / Rs. 78.21 lakh — there is a numerical discrepancy in the notice. New shares will carry a 6-month lock-in per SEBI ICDR rules, and the Relevant Date for pricing is February 17, 2026.
The preferential issue will dilute existing shareholders by roughly 3.5% (15.64 lakh new shares on a base of ~4.35 crore shares). The issue price of Rs. 5 represents a 4x premium over face value but may be below prevailing market price, so shareholders should review whether the dilution and pricing are favourable. Investors should also note the discrepancy in the resolution regarding the number of shares and seek clarification before the EGM.