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Trading & Distributors
AGM/EGM27 Oct 2026, 01:01 pm

Sakuma Exports Ltd to hold EGM on Nov 21, 2026 for Preferential Issue

AI Summary

Sakuma Exports Ltd has announced an Extra-Ordinary General Meeting (EGM) to be held on November 21, 2026, via Video Conferencing. The primary agenda is to consider and approve the issuance of up to 65 crore equity shares at ₹1.66 per share, aggregating up to ₹107.90 Crore, on a preferential basis to nine proposed allottees. The relevant date for determining the issue price is October 22, 2026. The shares will be allotted for cash consideration, subject to regulatory approvals and lock-in periods as per ICDR Regulations. The allotment is expected to be completed within 15 days of passing the resolution or receiving necessary approvals.

Key Highlights

  • EGM scheduled for November 21, 2026, to approve preferential share issuance.
  • Company plans to issue up to 65 crore equity shares at ₹1.66 each.
  • Total fundraising target of ₹107.90 Crore through preferential allotment.
  • Nine specific entities are proposed as allottees for the new shares.
  • Allotment subject to regulatory approvals and lock-in provisions.