Board Meeting15 May 2026, 05:21 pm
Marble City India to Issue 30 Lakh Convertible Warrants
AI Summary
Marble City India Ltd's board approved the issuance of up to 30,00,000 convertible warrants on a preferential basis at ₹100 per warrant, subject to shareholder and regulatory approvals. The warrants are exercisable into equity shares and will be offered to the Promoter and Promoter Group. The board has fixed 08th May, 2026 as the cut-off date for determining shareholders for the EGM. Mr. Sameer Kishore Bhatnagar has been appointed as the Scrutinizer for the e-voting process.
Key Highlights
- Board approves preferential issue of up to 30,00,000 convertible warrants.
- Warrants issued at ₹100 each, convertible into one equity share.
- Allotment to Promoter and Promoter Group, subject to approvals.
- EGM cut-off date fixed as 08th May, 2026.
- Sameer Kishore Bhatnagar appointed as Scrutinizer for e-voting.
Price Impact
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