Batliboi Board Approves ₹15 Cr Preferential Issue & Director Appt.
Batliboi Ltd's Board of Directors, at its meeting on October 7, 2026, approved a preferential issue of up to 13,21,585 equity shares at ₹113.50 each to Promoter Nirmal Bhogilal. This issue is for converting an unsecured loan of ₹15,00,00,000/- (Rupees Fifteen Crore only). The Board also approved varying the terms of 6,92,480 preference shares held by Mr. Bhogilal to make them compulsorily convertible into up to 6,10,114 equity shares at ₹113.50 each. Both preferential issues are subject to shareholder approval. Additionally, Mr. Shankaran Rajaram Vignesh was appointed as an Additional Non-Executive Independent Director for five years, effective October 7, 2026, also subject to shareholder approval.
Key Highlights
- Board approved preferential issue of 13.21 lakh shares to promoter.
- Issue converts ₹15 Crore unsecured loan into equity shares.
- Terms of 6.92 lakh preference shares to be varied for conversion.
- Another preferential issue of 6.10 lakh shares for preference share conversion.
- Mr. Shankaran Rajaram Vignesh appointed as Independent Director.
Price Impact
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