Proposal for preferential issue of 17,58,592 shares, subject to approval of members
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The Board of Thrive Future Habitats Ltd (formerly Ador Multiproducts) approved a preferential allotment of 17,58,592 equity shares at Rs. 125.10 each, raising up to Rs. 21,99,99,859 (~Rs. 22 crore). Three public-category allottees will subscribe: Rajendra Singh Pawar (8,39,328 shares), Vijay Kumar Thadani (8,39,328 shares), and Neha Subash Idnany (79,936 shares). The Board also approved increasing authorized share capital from Rs. 20 crore to Rs. 22 crore to accommodate the issue. All allottees currently hold zero shares pre-issue, so this represents fresh capital infusion. An EGM is scheduled for February 17, 2026 to seek members' approval for the preferential issue.
If approved, existing shareholders will see their ownership diluted — the top two allottees will each hold ~7.41% of post-issue capital. The Rs. 22 crore fresh capital infusion could strengthen the company's balance sheet and fund growth, but it comes at the cost of dilution for existing holders.