Corporate Action27 Jul 2026, 03:21 pm
Raj Oil Mills Ltd Renames to Raj Industries Ltd, Allots Shares & Warrants
AI Summary
Raj Oil Mills Ltd announced a significant corporate action including a name change to Raj Industries Ltd, subject to regulatory and member approvals. The company also approved the preferential allotment of 10,00,000 equity shares at ₹46 each, raising ₹4.60 crore, and 10,00,000 warrants convertible into equity shares at ₹46 each, with an upfront payment of ₹1.15 crore. The equity shares were allotted to non-promoters, increasing the company's paid-up capital. The warrants are convertible within 18 months. This move is part of a strategic initiative to enhance the company's capital structure and potentially its market positioning.
Key Highlights
- Company name changed to Raj Industries Ltd.
- 10,00,000 equity shares allotted at ₹46 each, raising ₹4.60 crore.
- 10,00,000 warrants allotted at ₹11.50 each (25% upfront payment).
- Warrants convertible to equity within 18 months.
- Total funds raised from share and warrant allotment is ₹5.75 crore.
Price Impact
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