Board Meeting12 Jun 2026, 05:41 pm
Samyak International Approves Preferential Issue of Shares & Warrants
AI Summary
Samyak International Ltd's Board of Directors has approved a preferential issue of up to 40,00,000 equity shares and 40,00,000 convertible warrants. The issuance will be at INR 17 per share/warrant, aggregating up to INR 6.80 crore each, to promoters and other investors. The company also approved convening an Extra-Ordinary General Meeting (EGM) on July 9, 2026, to seek member approval and constituted a Preferential Allotment Committee. The board meeting concluded on June 12, 2026.
Key Highlights
- Board approves preferential issue of 40 lakh equity shares at ₹17 each.
- Board approves preferential issue of 40 lakh warrants at ₹17 each.
- Total fundraising via preferential issue is up to ₹13.60 crore.
- EGM scheduled for July 9, 2026, to seek shareholder approval.
- Preferential Allotment Committee formed to oversee the process.
Price Impact
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