Outcome of Board Meeting held on 22.01.2026, considering and approving Increase in Authorised Capital and subsequent changes in MOA, Approving Preferential Issue, subject to approval of members.
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The board of Thrive Future Habitats Ltd (formerly Ador Multiproducts Limited) met on January 22, 2026 and approved two key items. First, it increased the authorised share capital from Rs. 20 crore to Rs. 22 crore (2 crore to 2.20 crore equity shares of Rs. 10 each) and amended the MOA accordingly. Second, it approved a preferential issue of up to 17,58,592 equity shares at Rs. 125.10 per share, raising up to about Rs. 21.99 crore in cash. The shares will go to three allottees from the public category — Rajendra Singh Pawar (8,39,328 shares), Vijay Kumar Thadani (8,39,328 shares), and Neha Subash Idnany (79,936 shares). Both decisions are subject to shareholder approval at an EGM scheduled for February 17, 2026.
The preferential issue will raise roughly Rs. 22 crore at a price well above face value, leading to dilution of around 8.5% on a post-issue basis for existing shareholders. The issue price of Rs. 125.10 is a significant premium over the Rs. 10 face value, and the entry of well-known investor names like Rajendra Singh Pawar (co-founder of NIIT) may be viewed positively by the market, pending shareholder and regulatory approvals.