Corporate Action12 Nov 2026, 06:44 pm
Mudunuru Ltd Approves Warrants, Equity Issue & Subsidiary Acquisition
AI Summary
Mudunuru Limited's Board of Directors has approved the issue of up to 2,48,33,921 Convertible Warrants at ₹2 each to promoters and non-promoters, and up to 33,70,000 Equity Shares at ₹2 each to non-promoters, subject to shareholder approval. The company also approved an increase in authorized share capital and the acquisition of a 51% stake in Mudunuru Hospitality Private Limited, making it a subsidiary. Unaudited financial results for the quarter and half-year ended September 30, 2026, were also considered.
Key Highlights
- Board approved preferential issue of 2.48 Cr warrants and 33.70 Lakh equity shares.
- Company to acquire 51% stake in Mudunuru Hospitality, making it a subsidiary.
- Authorized share capital increased from ₹9 Cr to ₹12.5 Cr.
- Unaudited financial results for Q2 FY27 were considered.
- Shareholder approval is required for the preferential issue and capital increase.
Price Impact
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