Corporate Action24 Oct 2026, 05:30 pm
Sakuma Exports to issue 65 Cr shares via preferential allotment
AI Summary
Sakuma Exports Ltd announced a revised outcome of its board meeting held on October 19, 2026. The board approved the issuance of up to 65,00,00,000 equity shares at Rs. 1.66 per share, aggregating up to Rs. 107.90 Crore, via preferential allotment to nine proposed allottees. The company also approved the draft notice for an Extra-Ordinary General Meeting (EGM) to be held on November 21, 2026, for shareholder approval. M/s Rajeev Bhambri & Associates was appointed as the scrutinizer for the EGM's voting process.
Key Highlights
- Board approved preferential issue of 65 Cr shares.
- Total fundraising target is Rs. 107.90 Crore.
- Issue price set at Rs. 1.66 per share.
- EGM scheduled for November 21, 2026, for shareholder nod.
- Nine non-promoter investors are the proposed allottees.
Price Impact
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