Announced Fri, 18 Sept, 2026 · 18:33 IST
Board approves preferential issue of 5 lakh shares at Rs 48 each
Price
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Price reaction
Awaiting price reaction for this filing.
AI summary
Board approved preferential issue of up to 5,00,000 equity shares at Rs 48 per share (face value Rs 10) to non-promoter individuals, totaling about Rs 2.40 crore. Authorized capital to rise from Rs 20 lakh to Rs 70 lakh. Largest allottee Nimesh Sahadeo Singh to receive 3,25,000 shares, holding 46.43 percent post-issue. EGM scheduled October 30, 2026 for shareholder approval.
Likely market impact
Significant dilution for existing shareholders as one new investor will hold about 46 percent post-issue. EGM approval pending.