Deep Polymers Ltd to raise ₹32 Crore via Equity Warrants
Deep Polymers Ltd announced that its Board of Directors met on October 10, 2026, to consider and approve a proposal for raising funds through the issuance of 32,00,000 Equity Warrants. These warrants, with a face value of ₹10 each, are intended to raise an aggregate of up to ₹3,20,00,000 (₹32 Crore). The issuance will be on a preferential basis to promoter and non-promoter/public categories, in accordance with SEBI ICDR Regulations. The company will seek shareholder approval for this preferential issue via an Extra Ordinary General Meeting (EGM). The warrants grant the holder the right to apply for and be allotted one equity share of face value ₹10 for each warrant within 18 months of allotment, upon payment of the full warrant price.
Key Highlights
- Board approved preferential issue of 32,00,000 Equity Warrants.
- Fundraising target of ₹3.20 Crore (₹32 Crore) via warrants.
- Issue to be made on preferential basis to promoters and public.
- Shareholder approval to be sought via EGM.
- Warrants convertible to equity shares within 18 months.
Price Impact
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