The Board of Directors of the Company vide Circulation dated December 17, 2025 considered and approved allotment of Equity Shares and 0.5% Non-Convertible Compulsorily redeemable Preference ....
Awaiting price reaction for this filing.
The Board of Filtron Engineers approved three preferential allotments on December 17, 2025. First, 1.59 crore equity shares were allotted to 25 non-promoter investors at Rs. 10 each for cash, raising Rs. 15.90 crores. Second, 4.50 crore equity shares were allotted via share swap to two individuals — Tarak Bipinchandra Gor and Jayesh Sheshmal Rawal — who will each hold 35.42% of the company and be classified as Promoters post-allotment. Third, 1.92 crore 0.5% NCCRPS preference shares were allotted to the same two individuals via share swap, with a 7-year maturity and 0.5% coupon. The combined effect is a complete change in promoter control through share swaps plus a small cash infusion from new non-promoter investors.
This is a major change-of-control event — existing promoter group is being replaced by two new promoters taking over ~70.84% of equity. Existing shareholders will face significant equity dilution. The 0.5% coupon on preference shares is extremely low, favoring the incoming promoters. Stock may see volatility and potential re-rating depending on the new management's business plans.