Sharika Enterprises Ltd Board Approves Fund Raising via Preferential Issue

Sharika Enterprises Ltd's 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 to non-promoter investors and up to 38,38,102 share warrants convertible into equity shares to promoters and non-promoters. The equity shares will be issued at ₹14.33 each, aggregating up to ₹21.70 crore. The share warrants will also be issued at ₹14.33 per warrant, aggregating up to ₹5.50 crore. These issuances are subject to regulatory and member approvals. An Extra Ordinary General Meeting (EGM) is scheduled for July 17, 2026, to seek member approval for these preferential issues. A cut-off date of July 10, 2026, has been set for determining voting eligibility.