Board Meeting1 Jun 2026, 05:32 pm
Alka India to Issue 20 Cr Convertible Equity Warrants
AI Summary
Alka India Ltd's board approved the issuance of up to 20,00,00,000 fully convertible equity warrants on a preferential basis. Each warrant is convertible into one equity share of Re. 1 face value, exercisable within 18 months. The issue price is ₹4 per warrant, aggregating up to ₹80,00,00,000. An Extra-Ordinary General Meeting will be held on June 27, 2026, for shareholder approval. MUFG Intime (India) Private Limited is appointed as the Remote E-Voting Agency, and Kamlesh Mahendra Bhai Shah as the Scrutinizer. There were also auditor changes.
Key Highlights
- Alka India will issue up to 20,00,00,000 convertible equity warrants.
- Warrants are priced at ₹4 each, totaling up to ₹80,00,00,000.
- Each warrant converts into one Re. 1 face value equity share within 18 months.
- Shareholder approval will be sought at an EGM on June 27, 2026.
- M/S Avni & Associates appointed as Secretarial Auditor.
Price Impact
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