Intimation of postal ballot notice for issuance of warrants to promoters and non promoters group.
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Veerhealth Care Limited has sent a postal ballot notice to shareholders seeking approval to issue up to 1,00,00,000 fully convertible warrants at Rs. 20.25 per warrant, aggregating to Rs. 20.25 crores. The warrants will be allotted on a preferential basis to 6 promoter group entities and 4 non-promoter category allottees. Allottees must pay 25% upfront with the remaining 75% due at the time of conversion, which can happen anytime within 18 months of allotment. E-voting runs from April 1, 2026 to April 30, 2026. The company plans to use the proceeds primarily for expansion of manufacturing capacity (purchase of plant & machinery, electricals, furniture), office equipment, and general corporate purposes. On full conversion, the share count will rise from about 2 crore to 3 crore shares, and promoter shareholding will increase from 31.50% to 36.12% while public holding will dilute from 68.51% to 63.88%.
Existing public shareholders will see their stake diluted by about 4.6 percentage points once all warrants convert. The issue is largely promoter-driven, showing promoter confidence in the business, and the proceeds are aimed at capacity expansion which could support future revenue growth if executed well.