Arcee Industries to hold EGM on Aug 10, 2026 for warrant allotment
Arcee Industries Ltd has announced an Extraordinary General Meeting (EGM) scheduled for August 10, 2026, at 4:00 PM. The primary agenda is to consider and ratify the allotment of 2,13,00,000 convertible warrants on a preferential basis. The issue price for these warrants is ₹10.35 per warrant. The meeting will also cover the terms of conversion, including the right to apply for equity shares within 18 months and the upfront receipt of 25% of the issue price. The company has fixed August 3, 2026, as the cut-off date for voting and has arranged for remote e-voting from August 5th to August 9th, 2026. The notice, along with an explanatory statement, has been uploaded to the company's website and filed with the stock exchange.
Key Highlights
- EGM scheduled for August 10, 2026, to ratify warrant allotment.
- 2,13,00,000 warrants to be allotted at ₹10.35 each.
- Cut-off date for voting is August 3, 2026.
- Remote e-voting available from August 5-9, 2026.
- Allotment is on a preferential basis to non-promoters.
Price Impact
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