Craftroot Retail Ltd: Board Approves Capital Increase & Preferential Issue

Craftroot Retail Ltd's Board of Directors met on October 6, 2026, approving a significant increase in authorized share capital from ₹3.50 Crore to ₹23.50 Crore. This involves creating an additional ₹20 Crore in equity shares. The board also approved a preferential issue of 2 Crore warrants convertible into equity shares at ₹11 per warrant, subject to shareholder and regulatory approvals. A valuation report was noted, and October 6, 2026, was fixed as the relevant date for the preferential issue. An Extra-Ordinary General Meeting (EGM) is scheduled for November 5, 2026, to seek shareholder approval for these proposals, with a scrutinizer appointed for the e-voting process.