StockWatch
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Software Products
AGM/EGM26 Sept 2026, 03:33 pm

Seshachal Technologies to hold EGM for preferential share issue

AI Summary

Seshachal Technologies Limited has announced an Extra-Ordinary General Meeting (EGM) scheduled for October 19, 2026, at its registered office. The primary agenda item is to approve the issuance and allotment of up to 55,000 equity shares on a preferential basis. These shares will be issued at a price of ₹76 each, including a premium of ₹66 per share, aggregating up to ₹41,80,000. The proposed allottees are Ch. Narendra and Ch. Anitha, both promoters, who will receive 27,500 shares each. The company has determined the 'Relevant Date' for pricing as September 18, 2026, ensuring the issue price complies with SEBI ICDR Regulations.

Key Highlights

  • EGM scheduled for October 19, 2026, to approve preferential share allotment.
  • Up to 55,000 equity shares to be issued at ₹76 per share.
  • Total fundraise of ₹41,80,000 from promoters Ch. Narendra and Ch. Anitha.
  • Issue price complies with SEBI ICDR Regulations.
  • Allotment to be in dematerialised form within 15 days of resolution passing.