Board Meeting8 Aug 2026, 06:10 pm
Leo Dryfruits to raise ₹38.5 Cr via warrants
AI Summary
Leo Dryfruits & Spices Trading Limited's Board of Directors has approved a preferential issue of up to 70,00,000 Fully Convertible Warrants. The issue aims to raise up to ₹38.50 crore at an issue price of ₹55 per warrant. Each warrant is convertible into one equity share of face value ₹10. The warrants are to be allotted to proposed individuals and entities, including promoters and public non-promoters. An Extraordinary General Meeting will be convened to seek shareholder approval for this fund-raising exercise. The meeting of the Board of Directors was held on August 8, 2026, and concluded within a short duration.
Key Highlights
- Board approves preferential issue of 70 lakh warrants.
- Targeting to raise ₹38.50 crore at ₹55 per warrant.
- Warrants convertible into equity shares within 18 months.
- EGM to be convened for shareholder approval.
- Fundraising subject to regulatory and member approvals.
Price Impact
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