
Board Meeting30 Sept 2026, 03:49 pm
Bizotic Commercial Ltd Board Approves Share Capital Increase, Preferential Issue Price
AI Summary
Bizotic Commercial Ltd's Board of Directors met on September 30, 2026, to approve an increase in the company's authorized share capital from ₹57.86 Crores to ₹71.50 Crores. The board also set the issue price for convertible warrants via preferential issue at ₹110 per warrant (₹100 premium, ₹10 face value). The relevant date for this preferential issue was set as September 23, 2026. A valuation report was obtained, and the company will hold an Extra-Ordinary General Meeting (EGM) on October 23, 2026, to seek shareholder approval for these changes.
Key Highlights
- Authorized share capital increased from ₹57.86 Cr to ₹71.50 Cr.
- Preferential issue warrants priced at ₹110 each.
- Relevant date for preferential issue set as September 23, 2026.
- EGM scheduled for October 23, 2026, for shareholder approval.
- Valuation report obtained for the preferential issue.
Price Impact
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