Notice of Extraordinary General Meeting
Price
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Awaiting price reaction for this filing.
TeleCanor Global Limited has called an Extraordinary General Meeting on March 06, 2026, at 12:15 p.m. via video conferencing. Three key resolutions are on the agenda: (1) increasing the Authorised Share Capital from Rs. 21 crore to Rs. 30 crore (adding 90 lakh equity shares of Rs. 10 each) and amending the Memorandum of Association; (2) preferential issue of up to 41 lakh equity shares at Rs. 33 per share (Rs. 23 premium), aggregating up to Rs. 13.53 crore, to 38 identified non-promoter allottees; (3) preferential issue of 25 lakh equity warrants at Rs. 33 each, aggregating up to Rs. 8.25 crore, to promoter Mr. Maruti Ram Praturi, exercisable within 18 months with 25% upfront payment. The Relevant Date for pricing is February 04, 2026, and the e-voting window runs from March 03 to March 05, 2026. Total potential capital raise is around Rs. 21.78 crore from both instruments combined.
If approved, existing shareholders will see meaningful dilution — up to 66 lakh new shares/warrants could be issued against the existing 2.1 crore authorised equity base, with the promoter's warrant tranche potentially increasing promoter holding if fully exercised. The capital raise signals growth funding or balance-sheet strengthening plans, but the stock may face short-term pressure due to dilution and the Rs. 33 issue price being set as a benchmark floor.