
Corporate Action15 Oct 2026, 06:00 pm
D & H India Withdraws Warrant Issue, Opts for Internal Funding
AI Summary
D & H India Ltd's Board of Directors, in a meeting held on October 15, 2026, approved the withdrawal of a proposed preferential issue of up to 21,57,000 warrants. The decision was made based on the recommendation of the Audit Committee due to a substantial increase in the company's share price and significant delays in obtaining in-principle approval from BSE Ltd. The company will now fund its requirements through internal accruals and borrowings from banks and financial institutions. The Board also approved communicating this withdrawal to BSE Ltd.
Key Highlights
- Board approves withdrawal of proposed warrant issuance.
- Decision driven by share price rise and approval delays.
- Company to fund via internal accruals and bank borrowings.
- Withdrawal aims to act in the best interest of the company.
Price Impact
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