Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Transvoy Logistics India Ltd's board, meeting on August 18, 2025, approved increasing the authorised share capital from Rs. 4.50 crore to Rs. 6.50 crore (45 lakh to 65 lakh equity shares of Rs. 10 each), subject to shareholder approval. The board also approved issuing up to 35,86,960 convertible warrants on a preferential basis at Rs. 100 per warrant (including Rs. 90 premium), potentially raising around Rs. 35.87 crore. Each warrant converts into one equity share, with 25% payable upfront and 75% on exercise within 18 months. The warrants are proposed to be allotted to 19 allottees, including promoters Ravindrakumar Joshi and Naitik Joshi, with Aumit Capital Advisors Limited being the largest allottee at 12.5 lakh warrants. The board also approved the FY25 board report, fixed the 10th AGM for September 11, 2025 via video conferencing, and closed the member register from September 4-11, 2025.
The preferential warrant issue will dilute existing shareholders - the promoter holding will drop from around 48% combined to roughly 30%, while bringing in approximately Rs. 35.87 crore in potential fresh capital. Shareholders should watch for the AGM outcome, as both the capital increase and warrant allotment require their approval.