Vintage Coffee And Beverages Limited has informed the Exchange regarding Notice of Extraordinary General Meeting to be held on July 30, 2025
VINCOFE · price
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Vintage Coffee & Beverages (VINCOFE) has called an Extraordinary General Meeting on July 30, 2025, via video conferencing, with three key items on the agenda. First, the company proposes to increase its authorised share capital from Rs. 135 crore to Rs. 155 crore (face value Rs. 10 per share). Second, it plans to issue up to 1.5 crore equity shares on a preferential basis at Rs. 124 per share to non-institutional investors and QIBs, raising up to Rs. 186 crore; key proposed allottees include Bandhan Small Cap Fund (43.55 lakh shares), Astome Capital VCC (25.88 lakh), Nuvama Enhanced Dynamic Growth Equity Fund (12.1 lakh), Vikasa India EIF Fund (10.1 lakh), and India Emerging Giants Fund (10.1 lakh). Third, it proposes to issue up to 24 lakh fully convertible warrants at Rs. 124 each, aggregating Rs. 29.76 crore, with promoter Tati Sai Teja (15 lakh) and Chin Corp Holding (5 lakh) among the proposed allottees. The e-voting window runs from July 26 to July 29, 2025, with the record date set as July 23, 2025.
This is a sizeable capital raise of up to ~Rs. 216 crore (including warrants) that will dilute existing shareholders upon conversion/issue. The issue price of Rs. 124 is well above the Rs. 10 face value, and the presence of marquee institutional investors like Bandhan Small Cap Fund may lend credibility, though warrants carry the risk of non-exercise and forfeiture of the 25% upfront amount.