Mudunuru Ltd Board Approves Financial Results, Capital Increase, Warrant/Share Issue, Acquisition
Mudunuru Limited's Board of Directors met on November 12, 2026, approving the Un-Audited Financial Results for Q2 FY27 and the Half Year ended September 30, 2026, along with the Limited Review Report. The board also approved an increase in authorized share capital from ₹9 Crore to ₹12.5 Crore, subject to shareholder approval. Additionally, they approved the preferential issue of up to 2,48,33,921 convertible warrants and up to 33,70,000 equity shares at ₹2 each to promoters and the public, pending shareholder and regulatory approvals. The company also approved the acquisition of a 51% stake in Mudunuru Hospitality Private Limited, making it a subsidiary. The notice for an Extra-Ordinary General Meeting on December 12, 2026, was also approved.
Key Highlights
- Board approved Q2 FY27 unaudited financial results and limited review report.
- Authorized share capital increased from ₹9 Crore to ₹12.5 Crore.
- Preferential issue of warrants and equity shares approved.
- Acquisition of 51% stake in Mudunuru Hospitality Private Limited approved.
- EGM scheduled for December 12, 2026, to seek shareholder approval.
Price Impact
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