Board Meeting30 Jun 2026, 03:17 pm
Bhagyanagar India Ltd to Raise ₹52.25 Cr via Preferential Allotment
AI Summary
Bhagyanagar India Ltd announced its Board of Directors has approved raising funds through a preferential allotment of equity shares. The company plans to issue up to 1,206,895 shares at ₹348 per share to Qualified Institutional Buyers (QIBs) for ₹41.99 crore and up to 294,539 shares at ₹348 per share to non-QIBs for ₹10.25 crore. The total fundraise amounts to approximately ₹52.25 crore. An Extra-Ordinary General Meeting (EGM) is scheduled for July 23, 2026, to seek shareholder approval for this issuance. Kfin Technologies Limited has been engaged for e-voting facilities.
Key Highlights
- Bhagyanagar India Ltd approved preferential issue of equity shares.
- Total funds to be raised approximately ₹52.25 crore.
- Issue price set at ₹348 per share, including ₹346 premium.
- Shareholder approval to be sought at EGM on July 23, 2026.
- Funds to be raised from Qualified Institutional Buyers and others.
Price Impact
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