Board Meeting2 Sept 2026, 06:20 pm
Resourceful Automobile Ltd to raise ₹1.53 Cr via warrants
AI Summary
Resourceful Automobile Ltd announced its Board of Directors has approved a preferential offer to issue up to 3,00,000 Convertible Equity Warrants to the Promoter category. Each warrant is convertible into one equity share at an issue price of Rs. 51 per warrant, aggregating Rs. 1,53,00,000. The issuance is subject to shareholder approval via a Special Resolution at an upcoming Extra-Ordinary General Meeting and other regulatory approvals. The company has also appointed a Scrutinizer for the E-Voting process.
Key Highlights
- Board approves preferential issue of 3,00,000 convertible warrants.
- Total fundraise target of Rs. 1.53 Crore at Rs. 51 per warrant.
- Warrants to be issued to Promoter category, subject to shareholder approval.
- An EGM will be convened to seek member approval for the issuance.
- Scrutinizer appointed for E-Voting process.
Price Impact
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