Investment22 Sept 2026, 09:30 pm
Qualitek Labs Approves Preferential Issue of Shares & Warrants
AI Summary
Qualitek Labs Limited's Board of Directors has approved a preferential issue of up to 3,86,000 equity shares at ₹518.55 each, aggregating ₹20.01 crore. Additionally, the board approved the issuance of up to 5,20,000 fully convertible warrants at ₹518.55 each, aggregating ₹26.96 crore. Both issuances are subject to shareholder approval. The company also decided to convene an Extra-Ordinary General Meeting on October 16, 2026, to approve these proposals. The board meeting took place on September 22, 2026.
Key Highlights
- Board approved preferential issue of equity shares and warrants.
- Total funds to be raised up to ₹46.98 crore.
- Issue price fixed at ₹518.55 per equity share/warrant.
- Shareholder approval required for the preferential issues.
- EGM scheduled for October 16, 2026, to seek approval.
Price Impact
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