Sharika Enterprises Ltd 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 up to 38,38,102 share warrants to non-promoter and promoter investors. 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, will 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 approval. The cut-off date for e-voting eligibility is July 10, 2026.