Revision of outcome of board meeting held on 22nd January, 2026
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Awaiting price reaction for this filing.
The board approved increasing the company's authorized share capital from Rs. 20 crore to Rs. 22 crore (adding 20 lakh equity shares of Rs. 10 each), subject to shareholder approval. It also approved a preferential issue of up to 17,58,592 equity shares at Rs. 125.10 per share to three public-category allottees — Rajendra Singh Pawar (8,39,328 shares), Vijay Kumar Thadani (8,39,328 shares), and Neha Subash Idnany (79,936 shares) — raising up to about Rs. 22 crore. An Extra-Ordinary General Meeting has been scheduled for February 17, 2026, to seek shareholder approval. This filing is a revision of the earlier outcome, correcting an inadvertent error where Ms. Neha Subash Idnany's pre-preferential shareholding was wrongly shown as Nil instead of 1,04,301 shares (1.09%).
Existing shareholders will see dilution once the preferential shares are allotted, but the company is raising roughly Rs. 22 crore from identified investors at a significant premium over face value. The revision is a minor correction and does not change the deal terms.