Vintage Coffee And Beverages Limited has informed the Exchange regarding Board meeting held on July 04, 2025.
VINCOFE · price
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Vintage Coffee And Beverages' board, meeting on July 4, 2025, approved raising funds through a preferential allotment of up to 1.5 crore equity shares at Rs. 124 per share (totalling about Rs. 186 crore) to Non-Institutional and Qualified Institutional Buyers. Separately, the board cleared issuing up to 24 lakh convertible warrants at Rs. 124 each (about Rs. 29.76 crore) to the promoter group and non-promoter category, with each warrant convertible into one equity share within 18 months. Authorised share capital was also increased from Rs. 135 crore to Rs. 155 crore. Notable institutional investors on the equity share allotment list include Bandhan Small Cap Fund (43.55 lakh shares), Astorne Capital VCC-Arven (25.88 lakh shares), Nuvama EDGE Fund, and Vikasa India EIF I Fund. An EOGM is scheduled for July 30, 2025 to seek shareholder approval.
Existing shareholders will see equity dilution once the preferential issue and warrant conversions are completed, but the company is attracting well-known institutional investors, which may signal confidence in its growth plans. Final allotment is subject to shareholder and stock exchange approvals at the July 30 EOGM.