Deals7 April 2026 at 04:11 pm
Pakka Ltd. Announces Preferential Issue of Equity Shares and Warrants Aggregating up to Rs.129,91,00,000/-
AI Summary
Pakka Limited, in their meeting held on 7th April 2026, has approved a preferential issue of equity shares and warrants. The company plans to issue up to 27,20,000 equity shares at Rs.110/- each to Neo Special Credit Opportunities Fund. Additionally, the company will issue up to 90,90,000 warrants to Yash Agro Products Limited, convertible into equity shares at Rs.110/- each. The total value of the preferential issue is Rs.129,91,00,000/-. The company will convene an Extraordinary General Meeting on 5th May 2026 to seek shareholders' approval for the issue.
Key Highlights
- Pakka Ltd. to issue 27,20,000 equity shares at Rs.110/- each to Neo Special Credit Opportunities Fund.
- The company will also issue 90,90,000 warrants to Yash Agro Products Limited, convertible into equity shares at Rs.110/- each.
- The total value of the preferential issue is Rs.129,91,00,000/-.
- The company will convene an Extraordinary General Meeting on 5th May 2026 to seek shareholders' approval for the issue.
- The preferential issue is in accordance with the provisions of Sections 42 and 62(1)(c) of the Companies Act, 2013.
YASHPAKKAPaper & Paper Products
Yash Pakka Ltd-$Price Impact