Sharika Enterprises Ltd Board Approves Fund Raising via Equity & Warrants

Sharika Enterprises Ltd announced that its Board of Directors, in a meeting held on June 23, 2026, approved the raising of funds through a preferential issue. This includes the issuance of up to 1,51,49,079 equity shares at ₹14.33 per share to non-promoter investors, aggregating up to ₹21.71 crore. Additionally, the company will issue up to 38,38,102 share warrants, convertible into equity shares at ₹14.33 per warrant, to promoters and non-promoters, aiming to raise up to ₹5.50 crore. These issuances are subject to regulatory and shareholder approvals. The company also approved the draft notice for an Extra Ordinary General Meeting (EGM) scheduled for July 17, 2026, to seek member approval for these preferential issues. A cut-off date of July 10, 2026, was fixed for determining voting eligibility.