Charms Industries Board Approves Capital Increase & Fundraise

Charms Industries Ltd announced that its Board of Directors, in a meeting held on October 23, 2026, approved a significant increase in authorized capital from ₹4.50 Crore to ₹16.50 Crore, subject to shareholder approval. The board also approved the execution of a Share Purchase Agreement for the acquisition of 10,00,463 equity shares (24.37% stake) by proposed promoters from existing promoters. Furthermore, the company approved a preferential issue of equity shares aggregating up to ₹4.90 Crore and convertible warrants aggregating up to ₹25.10 Crore. These transactions trigger an open offer obligation under SEBI SAST Regulations, and upon completion, the proposed acquirers will become promoters, while the sellers will be reclassified as public shareholders.