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AGM/EGM19 May 2026, 03:49 pm

Rane Holdings EGM to Approve ₹40 Cr Warrants Issue

AI Summary

Rane Holdings Ltd is convening an Extra-ordinary General Meeting (EGM) on June 12, 2026, to seek members' approval for issuing up to 3,38,030 fully convertible warrants on a preferential basis to promoters. The warrants, priced at ₹1,183.32 each, are convertible into equity shares at the option of the allottees within 18 months from the date of allotment. The issue aims to raise up to ₹40.00 Crores. The relevant date for determining the issue price was May 13, 2026.

Key Highlights

  • Rane Holdings EGM on June 12, 2026, to approve warrants issue.
  • Up to 3,38,030 warrants to be issued to promoters on preferential basis.
  • Warrant issue price is ₹1,183.32 each, convertible into equity shares.
  • The issue targets raising up to ₹40.00 Crores.
  • Relevant date for issue price determination was May 13, 2026.