AGM/EGM20 Jul 2026, 12:31 pm
Mahan Industries to hold EGM for Preferential Issue
AI Summary
Mahan Industries Ltd has announced an Extra Ordinary General Meeting (EGM) scheduled for August 15, 2026, at 11:00 AM. The primary agenda items for the EGM are to seek shareholder approval for issuing equity shares and fully convertible share warrants on a preferential basis. The company plans to issue up to 32,00,000 equity shares at ₹12 per share, aggregating up to ₹3.84 crore. Additionally, fully convertible share warrants will be issued. The notice emphasizes compliance with SEBI regulations and the Companies Act, 2013.
Key Highlights
- EGM scheduled for August 15, 2026, to approve preferential share issuance.
- Company to issue up to 32 lakh equity shares at ₹12 each.
- Total fundraise target of ₹3.84 crore from equity share issue.
- Shareholder approval sought for issuing convertible warrants.
- Meeting to be held at the company's registered office in Ahmedabad.
Price Impact
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