Board Meeting11 Sept 2026, 04:50 pm
HBG Hotels Board Approves Share Capital Increase & Warrant Issue
AI Summary
HBG Hotels Ltd's Board of Directors approved a significant increase in authorized share capital from ₹29 Crore to ₹45 Crore. This includes creating an additional 1,60,00,000 equity shares. The board also approved the creation, offer, issue, and allotment of up to 56,65,000 convertible warrants at ₹83 each to promoters and non-promoters, aggregating to ₹47.02 Crore. Additionally, the acquisition of land in Goa from a promoter group company was approved, subject to shareholder consent. A postal ballot notice will be sent to shareholders for these proposals.
Key Highlights
- Authorized share capital increased from ₹29 Cr to ₹45 Cr.
- Approval to issue 56.65 Lakh convertible warrants worth ₹47.02 Cr.
- Acquisition of land from promoter group company approved.
- Shareholder approval sought for capital increase and warrant issue.
- Postal ballot to be issued for key corporate actions.
Price Impact
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