Board Meeting11 Sept 2026, 05:00 pm
HBG Hotels Board Approves Share Capital Increase & Warrant Issue
AI Summary
HBG Hotels Ltd's Board of Directors met on September 11, 2026, approving a significant increase in authorized share capital from ₹29 Crore to ₹45 Crore. This involves creating an additional 1,60,00,000 equity shares. The board also approved the creation, offer, and allotment of up to 56,65,000 convertible warrants at ₹83 each to promoters and non-promoters, aggregating to approximately ₹47.02 Crore. Additionally, the company will seek shareholder approval for the acquisition of land in Goa Velha from a promoter group entity and for a postal ballot concerning investments, loans, guarantees, and related party transactions.
Key Highlights
- Authorized share capital increased from ₹29 Cr to ₹45 Cr.
- Approval to issue up to 56.65 Lakh convertible warrants.
- Warrant issue aims to raise approx. ₹47.02 Cr on preferential basis.
- Board approved land acquisition from promoter group entity.
- Shareholder approval sought for capital changes and land deal.
Price Impact
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