Corporate Action16 Oct 2026, 05:50 pm
Leo Dryfruits Cancels Preferential Issue, Approves New Warrants
AI Summary
Leo Dryfruits & Spices Trading Limited's Board of Directors has approved the discontinuation of a prior proposal for a preferential issue of Fully Convertible Warrants. Concurrently, the Board has approved a new proposal to raise funds through a preferential issue of up to 70,00,000 Fully Convertible Warrants to the public (non-promoter) category. Each warrant is convertible into one equity share of face value ₹10 at an issue price of ₹60, aggregating up to ₹42,00,00,000 (₹42 Crore). The company will convene an Extraordinary General Meeting (EGM) to seek shareholder approval for this new preferential issue.
Key Highlights
- Board approves discontinuation of earlier preferential warrant issue.
- New preferential issue of 70 Lakh warrants approved.
- Funds to be raised via warrants at ₹60 per warrant.
- Total fundraising target is ₹42 Crore.
- EGM to be convened for shareholder approval.
Price Impact
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