AGM/EGM19 Aug 2026, 10:50 pm
Garg Furnace Ltd Corrects AGM Notice for Preferential Issue
AI Summary
Garg Furnace Ltd has issued a corrigendum to its AGM notice dated August 29, 2026. The notice clarifies alterations to the explanatory statement regarding Item No. 05, which concerns the preferential issue of up to 13,98,000 warrants convertible into equity shares. The funds raised, up to ₹17.68 crore, will be used for capital expenditure, working capital, and general corporate purposes. The floor price for the convertible warrants is set at ₹126.15 per warrant, based on SEBI ICDR Regulations.
Key Highlights
- AGM notice corrected for preferential issue of warrants.
- Up to ₹17.68 crore to be raised via convertible warrants.
- Funds allocated for expansion, working capital, and corporate needs.
- Floor price for warrants set at ₹126.15 per share.
- Issue targets promoter and non-promoter categories.
Price Impact
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