Diana Tea Board Approves Equity Warrants, AGM Date
Diana Tea Company Ltd's Board of Directors, in a meeting held on August 12, 2026, approved the issuance of up to 4,074,075 Equity Convertible Warrants via preferential issue. The warrants are convertible into equity shares at ₹27 each, with a premium of ₹22, aggregating up to ₹11.00 crore. This issuance is subject to shareholder approval at the upcoming Annual General Meeting (AGM). The board also approved the company's un-audited standalone financial results for the quarter ended June 30, 2026, and proposed enhancements to borrowing limits and investment thresholds up to ₹100 crore, also requiring shareholder consent. The 115th AGM is scheduled for September 11, 2026, with the register of members closing from September 5 to September 11, 2026.
Key Highlights
- Board approved preferential issuance of 4.07M equity convertible warrants.
- Fundraising target of ₹11.00 crore via warrant issuance.
- Shareholder approval needed for warrants and enhanced borrowing limits.
- 115th AGM scheduled for September 11, 2026.
- Unaudited Q1 FY27 financial results approved.
Price Impact
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