Gujarat Inject Kerala Ltd to Raise ₹3 Cr via Equity Warrants
Gujarat Inject Kerala Ltd announced a Board Meeting outcome on October 29, 2026, wherein a proposal to raise funds up to ₹3,00,00,000 (Rupees Three Crore) through the issuance of 3,00,00,000 Equity Warrants on a preferential basis was approved. The company also proposed to increase its authorized share capital from ₹15,00,00,000 to ₹17,63,48,000 to facilitate this issuance. The warrants are convertible into equity shares of face value ₹1 each within 18 months of allotment. The preferential issue will be made to Non-promoter/Public Category investors, with the issue price determined as per SEBI ICDR Regulations. An Extra-Ordinary General Meeting (EGM) will be convened to seek shareholder approval for these proposals.
Key Highlights
- Company proposes to raise ₹3 Crore via Equity Warrants.
- 3 Crore Equity Warrants to be issued on preferential basis.
- Authorized share capital to be increased to ₹17.63 Crore.
- Warrants convertible to equity shares within 18 months.
- Shareholder approval to be sought via EGM.
Price Impact
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