Sangam India Board Approves Unaudited Results & Preferential Issue

Sangam India Ltd's Board of Directors met on July 18, 2026, to approve the unaudited standalone and consolidated financial results for the quarter ended June 30, 2026. The board also approved a preferential issue of up to 18,00,000 warrants convertible into equity shares at Rs. 555.56 per warrant, aggregating up to Rs. 100.00 crore, to promoters. Additionally, the company plans a capital expenditure of approximately Rs. 1500 crore for an expansion project. The warrants are convertible within 18 months of allotment.