Pursuant to Regulation 30 read with Para A Part A of Schedule III of Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, the Notice ....
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Awaiting price reaction for this filing.
Trishakti Industries Ltd has called an EGM on August 13, 2025 (3:00 PM via video conferencing) to seek shareholder approval for two preferential allotment proposals. Item 1 seeks approval to issue 6,00,000 convertible warrants at Rs. 158.10 per warrant, raising up to Rs. 9.49 crore, exclusively from promoter-group entities (Starlight Capital, Starmax Investment, and promoters' family members Dhruv and Pranav Jhanwar) — partially by adjusting existing unsecured loans. Item 2 seeks approval to issue 1,46,000 equity shares plus 10,18,000 convertible warrants at the same Rs. 158.10 price, raising up to Rs. 18.40 crore from a mix of promoter and public allottees. Combined, the company aims to raise up to Rs. 27.89 crore (assuming full warrant conversion). The cut-off date for e-voting eligibility is August 6, 2025, with remote e-voting running August 10–12, 2025 via NSDL.
Approval of these resolutions would result in meaningful equity dilution for existing shareholders once warrants are exercised (up to ~17.6 lakh new shares including full conversion). The strong promoter-group commitment (~Rs. 13.4 crore out of ~Rs. 27.9 crore) signals promoter confidence in the business, though the larger issuance size and inclusion of public allottees may create short-term price pressure. Shareholders should review the allotment price versus prevailing market price before voting.