Batliboi Ltd: Board to consider share conversion & loan conversion
Batliboi Ltd has announced a Board of Directors meeting scheduled for October 7, 2026. The primary agenda items include considering the variation of terms for 6,92,480 1% Redeemable Non-Cumulative Preference Shares held by promoter Nirmal Bhogilal, to make them convertible into equity shares. Additionally, the board will discuss the conversion of an unsecured loan of ₹15,00,00,000/- (₹150 Crore) from Mr. Nirmal Bhogilal into equity shares. Following these considerations, the company plans to issue and allot equity shares on a preferential basis, for consideration other than cash, subject to necessary approvals. The trading window will be closed from September 30, 2026, until the announcement of financial results for the quarter and half-year ended September 30, 2026.
Key Highlights
- Board meeting scheduled for October 7, 2026.
- Consideration of converting preference shares to equity.
- Discussion on converting promoter's ₹150 Crore loan to equity.
- Preferential issue of equity shares planned.
- Trading window closed until financial results announcement.
Price Impact
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