Sharika Enterprises Approves Preferential Issue of Shares & Warrants

Sharika Enterprises Ltd's Board of Directors has approved a preferential issue of up to 1,51,49,079 equity shares and 38,38,102 share warrants to non-promoter and promoter/non-promoter investors, respectively. The equity shares will be issued at ₹14.33 each, aggregating up to ₹21.71 crore. The warrants, convertible into equity shares at the same price, aim to raise up to ₹5.50 crore. These issuances are subject to regulatory and shareholder approvals. An Extra Ordinary General Meeting (EGM) is scheduled for July 17, 2026, to seek member consent. The company has fixed July 10, 2026, as the cut-off date for e-voting eligibility.