Craftroot Retail to raise capital via preferential issue, increase authorized capital

Craftroot Retail Ltd's Board of Directors met on October 3, 2026, approving a significant increase in authorized share capital from ₹3.50 Crore to ₹23.50 Crore. This move facilitates a preferential issue of 2 Crore warrants, convertible into equity shares at ₹11 per warrant. The company also approved amendments to its Memorandum of Association to reflect the capital increase. An Extra-Ordinary General Meeting (EGM) is scheduled for November 5, 2026, to seek shareholder approval for these proposals. A valuation report was noted to determine the minimum floor price for the preferential issue.