StockWatch
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Pharmaceuticals
Board Meeting23 Jul 2026, 08:20 pm

Sanjivani Paranteral Approves Warrants Issue to Promoter

AI Summary

Sanjivani Paranteral Ltd's Board of Directors has approved the issuance of up to 5,00,000 Fully Convertible Warrants to promoter Mr. Ashwani Khemka on a preferential basis. The total issue size is up to ₹7,36,95,000 at an issue price of ₹147.39 per warrant. These warrants are convertible into equity shares within 18 months, subject to shareholder approval. The board also approved a material related party transaction with subsidiary SPL Infusion Private Limited and initiated a postal ballot process for shareholder consent.

Key Highlights

  • Board approves preferential issue of 5,00,000 warrants to promoter.
  • Total issue size up to ₹7.37 Cr at ₹147.39 per warrant.
  • Warrants convertible into equity within 18 months.
  • Shareholder approval required for the issuance.
  • Related party transaction with subsidiary approved.