Sharika Enterprises Ltd Plans ₹21.7 Cr Equity & ₹5.5 Cr Warrant Issue
Sharika Enterprises Ltd announced a board resolution to raise funds through a preferential issue of equity shares and convertible warrants. The company plans to issue up to 1,51,49,079 equity shares at ₹14.33 per share, aggregating up to ₹21.70 crore, to non-promoter investors. Additionally, up to 38,38,102 warrants convertible into equity shares will be issued at ₹14.33 per warrant, aggregating up to ₹5.50 crore, to both promoters and non-promoter investors. 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 determining voting eligibility is July 10, 2026. M/s. Mihen Halani & Associates has been appointed as the scrutinizer for the e-voting process.
Key Highlights
- Company to raise ₹21.70 crore via equity shares to non-promoters.
- Plans to raise ₹5.50 crore via convertible warrants to promoters/non-promoters.
- Fundraising subject to regulatory and shareholder approvals.
- EGM scheduled for July 17, 2026, for member approval.
- Issue price fixed at ₹14.33 per equity share and warrant.
Price Impact
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