Board Meeting18 Sept 2026, 06:00 pm
Marble City India Approves Preferential Issue of Warrants Worth ₹77.55 Cr
AI Summary
Marble City India Limited's Board of Directors has approved a preferential issue of up to 66,00,000 convertible warrants at a price of Rs. 117.50 each, aiming to raise Rs. 77.55 crore. The issuance is subject to shareholder and regulatory approvals. The company also approved convening an Extra-Ordinary General Meeting (EGM) on October 14, 2026, to seek shareholder consent for the preferential issue. A cut-off date of September 18, 2026, was set for dispatching the EGM notice.
Key Highlights
- Board approves preferential issue of convertible warrants.
- Targeting to raise Rs. 77.55 crore via warrant issuance.
- EGM scheduled for October 14, 2026, to seek shareholder approval.
- 66 lakh warrants to be issued at Rs. 117.50 each.
- Issue is to non-promoter/public category investors.
Price Impact
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