Leo Dryfruits to Hold EGM for Preferential Allotment of Warrants
Leo Dryfruits & Spices Trading Ltd has announced an Extraordinary General Meeting (EGM) scheduled for September 4, 2026, to approve the preferential issuance of up to 70,00,000 Fully Convertible Warrants. These warrants are convertible into equity shares at a price of ₹55 per warrant, with a total issue size of up to ₹38.50 crore. The proposed allottees include promoters Kaushik Sobhagchand Shah and Ketan Sobhagchand Shah, along with non-promoters Shree Ram Realities Public and Jignesh Jaswantrai Mehta. The company is also providing a remote e-voting facility for its members through NSDL, with voting commencing on September 1, 2026, and concluding on September 3, 2026. The cut-off date for determining voting eligibility is August 28, 2026.
Key Highlights
- EGM scheduled for September 4, 2026, to approve preferential warrant issuance.
- Up to 70 lakh warrants to be issued, convertible to equity shares.
- Total issue size for warrants is up to ₹38.50 crore.
- Promoters and select non-promoters are proposed allottees.
- Remote e-voting facility available from September 1 to September 3, 2026.
Price Impact
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