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Awaiting price reaction for this filing.
Transchem Ltd's board has approved increasing the authorised share capital from Rs. 30 crore to Rs. 75 crore (divided into 7.5 crore equity shares of Rs. 10 each), along with a related amendment to the MOA. The board also cleared Section 186 authorisation giving it the power to lend, invest, or give guarantees up to Rs. 250 crore in aggregate. Most significantly, it approved issuing up to 6.15 crore warrants at Rs. 75 each, potentially raising up to Rs. 461.25 crore through a preferential issue to non-promoter allottees, namely Bakkt Opco Holdings LLC, Mr. Pishu Chainani, JVS Holdings LLP, and Mr. Dhawal Mehta. If all warrants are exercised, these allottees would collectively hold about 83.40% of the company. Shareholders will vote on these proposals at an EGM scheduled for December 20, 2025.
This is a major capital-raising event that could lead to significant dilution for existing shareholders, with the four new allottees potentially owning over 83% of the company post-exercise. The share price may react to the Rs. 75 per warrant issue price and the change in control dynamics once approved.