Corporate Action18 Jun 2026, 02:24 pm
Mizzen Ventures Approves ₹10 Cr Preferential Issue & EGM
AI Summary
Mizzen Ventures Ltd's Preferential Issue Committee approved a ₹10 crore preferential issue of up to 8,00,000 equity shares at ₹125 per share to non-promoter public categories. The company also approved an increase in authorized share capital from ₹22.10 crore to ₹22.80 crore. An Extraordinary General Meeting (EGM) is scheduled for July 15, 2026, to seek shareholder approval for these proposals. A practicing company secretary has been appointed as a scrutinizer for the e-voting process.
Key Highlights
- Company approves preferential issue of up to 8,00,000 equity shares.
- Issue price set at ₹125 per share, raising up to ₹10 crore.
- Authorized share capital to increase from ₹22.10 crore to ₹22.80 crore.
- EGM scheduled for July 15, 2026, for shareholder approval.
- Shares to be issued to non-promoter public categories.
Price Impact
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