This is to inform to all the stakeholders that Board of Directors in their meeting held today i.e 7th April, 2025 has allotted 21,50,000 Equity shares to Non Promoters on Preferential basis ....
Awaiting price reaction for this filing.
Euro Asia Exports Limited has allotted 21,50,000 equity shares on a preferential basis to three non-promoter investors at Rs 10 per share, raising a total of Rs 2.15 crore. The largest allottee is Savir Power and Automation Private Limited, which subscribed to 17 lakh shares (Rs 1.70 crore), while Ms Bina Atul Chauhan and Ms Vandana Anil Jain took 3 lakh and 1.5 lakh shares respectively. The company's paid-up equity capital has more than doubled from Rs 1.57 crore (15.68 lakh shares) to Rs 3.72 crore (37.18 lakh shares). Promoter holding has been diluted sharply from 16.18% to 6.83%, while the public shareholding has risen from 83.82% to 93.17%. This follows shareholder approval from February 2024 and in-principle approval from BSE dated April 3, 2025.
The allotment leads to significant dilution for existing shareholders, with promoter stake falling by more than half. While Rs 2.15 crore is a small capital infusion, the share count has expanded by roughly 137%, which could weigh on the stock price depending on the prevailing market price versus the Rs 10 issue price.