Proposal for Increase in Authorised Share Capital of the company and subsequent amendment in the MOA, subject to approval of members
Price
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Thrive Future Habitats Ltd's board has approved raising the authorised share capital from Rs. 20 crore to Rs. 22 crore (adding 20 lakh equity shares of Rs. 10 face value), subject to shareholder approval. The company also approved a preferential allotment of up to 17,58,592 equity shares at Rs. 125.10 per share, raising up to approximately Rs. 22 crore. The shares will be issued to three public-category investors: Rajendra Singh Pawar (8,39,328 shares), Vijay Kumar Thadani (8,39,328 shares), and Neha Subash Idnany (79,936 shares). Post-issue, Pawar and Thadani will each hold about 7.41% of the company, while Idnany will hold 0.71%. An Extraordinary General Meeting has been scheduled for February 17, 2026, to seek member approval for these proposals.
Existing shareholders will see their stake diluted by roughly 8.5% once the preferential issue goes through, as the new investors together pick up about 15.5% of the post-issue capital. The Rs. 22 crore infusion is positive for company growth, but the price of Rs. 125.10 per share (a significant premium over the Rs. 10 face value) may be benchmarked against the prevailing market price once shareholder approval is obtained.