
Board Meeting18 Jul 2026, 05:00 pm
Sangam India Ltd Declares Unaudited Q1 FY27 Results; Approves Warrant Issue
AI Summary
Sangam India Ltd announced its unaudited standalone and consolidated financial results for the quarter ended June 30, 2026. The Board of Directors also approved a preferential issue of up to 18,00,000 warrants convertible into equity shares at ₹555.56 per warrant, aggregating up to ₹100.008 crore, to promoters. Additionally, the company plans a capital expenditure of approximately ₹1500 crore for an expansion project. The warrants are convertible within 18 months of allotment.
Key Highlights
- Unaudited financial results for Q1 FY27 declared.
- Board approved preferential issue of 18 lakh warrants.
- Warrant issue aims to raise ₹100.008 crore.
- Capital expenditure of ₹1500 crore planned for expansion.
- Warrants convertible into equity within 18 months.
Price Impact
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