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AGM/EGM23 Sept 2026, 12:57 pm

Marble City India to hold EGM on Oct 14 for preferential issue

AI Summary

Marble City India Limited has announced an Extra Ordinary General Meeting (EGM) to be held on October 14, 2026, via Video Conferencing. The primary agenda is to consider and approve a special resolution for the issuance of up to 66,00,000 warrants, convertible into equity shares, to the non-promoter/public category on a preferential basis. The issue price for each warrant is fixed at ₹117.50, with an upfront payment of ₹29.38 (25% of the issue price) per warrant. The total issue size is capped at ₹77.55 crore. These warrants are convertible into one equity share each within 18 months of allotment.

Key Highlights

  • EGM scheduled for October 14, 2026, via VC/OAVM.
  • Proposal to issue 66 lakh warrants convertible to equity shares.
  • Warrants offered on preferential basis to non-promoter/public.
  • Total issue size up to ₹77.55 crore.
  • Warrant exercise price set at ₹117.50 each.