Corporate Action28 Jul 2026, 05:41 pm
Mish Designs Allots Equity Shares and Warrants on Preferential Basis
AI Summary
Mish Designs Ltd announced the Board of Directors' approval for the allotment of 2,63,160 equity shares and 2,45,615 warrants convertible into equity shares on a preferential basis. The issue price for both is ₹57 per share/warrant, comprising ₹10 face value and ₹47 premium. The company has received ₹1,50,00,120 for equity shares and ₹35,00,013.75 (25% of issue price) for warrants. The remaining 75% for warrants is due within 18 months upon conversion. The allotment includes shares and warrants to promoters and non-promoters.
Key Highlights
- Mish Designs approves preferential allotment of equity shares and warrants.
- Issue price set at ₹57 per share/warrant, including ₹47 premium.
- Company receives ₹1.50 Cr for equity and ₹35 Lakh for warrants.
- Warrants convertible within 18 months, with balance payment due on conversion.
- Allotment includes shares and warrants to promoters and public.
Price Impact
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