AGM/EGM25 Aug 2026, 06:50 pm
Pankaj Polymers Shareholders Approve Equity & Warrant Issue
AI Summary
Pankaj Polymers Ltd's shareholders approved the preferential issuance of Equity Shares and Warrants at an Extra-Ordinary General Meeting (EGM). The company will issue up to 8,55,000 Equity Shares at ₹81 per share to Non-Promoters. Additionally, up to 22,20,000 Warrants convertible into equity will be issued at ₹81 per warrant to both Promoter Group and Non-Promoter categories. These issuances are subject to necessary statutory and regulatory approvals and are in accordance with SEBI ICDR Regulations and the Companies Act, 2013.
Key Highlights
- Shareholders approved preferential issue of Equity Shares and Warrants.
- Up to 8.55 lakh equity shares to be issued to Non-Promoters at ₹81 each.
- Up to 22.20 lakh warrants to be issued to Promoter and Non-Promoter groups at ₹81 each.
- Approvals obtained via special resolution at EGM held on August 22, 2026.
- Issuances are subject to regulatory and statutory approvals.
Price Impact
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