CLN Energy to raise funds via preferential issue of 2.5L shares

CLN Energy Ltd's Board of Directors approved an increase in the Authorized Share Capital from ₹12 Crores to ₹12.3 Crores. The company also plans to raise funds by issuing up to 2,50,000 equity shares on a preferential basis to a promoter entity, CLN Energy PTE Limited. The issue price is set at a minimum of ₹401 per share, subject to shareholder and regulatory approvals. This move aims to augment the company's long-term financial resources. Post-allotment, the promoter and promoter group's shareholding will increase from 72.60% to 73.23%. A postal ballot will be conducted to seek necessary approvals from members, and a scrutinizer has been appointed for the e-voting process. The trading window for designated persons is closed from June 15, 2026, until 48 hours after the board meeting outcome.