Corporate Action26 Sept 2026, 09:30 am
Sharika Enterprises Allots Equity Shares & Warrants
AI Summary
Sharika Enterprises Ltd announced the allotment of 1,21,92,125 equity shares at Rs. 14.33 per share, aggregating Rs. 17.47 crore, to non-promoters. Additionally, the company allotted 28,12,315 warrants convertible into equity shares at Rs. 14.33 per warrant, aggregating Rs. 4.03 crore, to both promoter and non-promoter categories. A total of Rs. 1.01 crore has been received as upfront payment for these warrants. This preferential issue aims to raise capital and strengthen the company's financial base.
Key Highlights
- Allotment of over 1.21 crore equity shares at Rs. 14.33 each.
- Issuance of over 28 lakh warrants convertible into equity shares.
- Total preferential issue size for shares and warrants is approximately Rs. 21.50 crore.
- Warrants require an additional payment for conversion into equity within 18 months.
- Board approval obtained via special resolution and in-principal BSE approval.
Price Impact
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