Announced Mon, 7 Sept · 18:54 IST

Board approves Rs 51.2 Cr warrant issue to promoters, dividend, AGM on Sep 30

Board & Shareholder Meetings View source PDFExplain this filing

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AI summary

Board approved: (1) Preferential issue of up to 63.99 lakh convertible warrants at Rs 80 each to promoters (Anuj Jalan, Ankit Jalan, Daivik Jalan), aggregating up to Rs 51.20 Cr. (2) Increase in authorised share capital from Rs 60 Cr to Rs 65 Cr. (3) Dividend of Rs 0.01 per share for FY25-26. (4) 42nd AGM on 30 Sep 2026 via video conferencing. Book closure 24-30 Sep, record date 23 Sep 2026.

Likely market impact

Warrant issue to promoters may dilute existing shareholders if fully converted. Token dividend declared. Capital raise points to upcoming growth plans.