Board Meeting26 Feb 2026, 04:52 pm
Sheetal Cool Products Ltd. Approves Allotment of Convertible Warrants and Appoints Secretarial Auditor
AI Summary
Sheetal Cool Products Ltd. held a Board Meeting on February 26, 2026, where they approved the allotment of 8,40,000 convertible warrants to non-promoter category allottees. The warrants, priced at Rs. 317.65 each, are convertible into 1 equity share of the company. The company also appointed M/s. Pitroda Nayan & Co. as the Secretarial Auditor for a term of five consecutive years from FY 2025-26 to FY 2029-30. The registered office of the company will be shifted from Amreli to Ahmedabad, subject to the approval of shareholders. The company also announced a notice of postal ballot.
Key Highlights
- Allotment of 8,40,000 convertible warrants to non-promoter category allottees.
- Convertible warrants priced at Rs. 317.65 each, convertible into 1 equity share of the company.
- Appointment of M/s. Pitroda Nayan & Co. as the Secretarial Auditor for a term of five consecutive years.
- Shifting of the registered office of the company from Amreli to Ahmedabad, subject to the approval of shareholders.
- Announcement of a notice of postal ballot.