Charms Industries Board Approves Capital Increase & Share Acquisition

Charms Industries Ltd's 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 (SPA) for the acquisition of 10,00,463 equity shares (24.37% stake) from existing promoters, who will subsequently be reclassified as public shareholders. Additionally, the company approved a preferential issue of equity shares aggregating up to ₹4.90 Crore and the issuance of convertible warrants aggregating up to ₹25.10 Crore. These transactions trigger an open offer obligation for the acquirers under SEBI SAST Regulations.