Shipwaves Online to Issue 3.33 Cr Warrants for ₹14.99 Cr

Shipwaves Online Limited's Board of Directors has approved a preferential issue of up to 3,33,20,000 Convertible Warrants to identified persons within the Promoter Group and Non-Promoter Category. The issue price is set at ₹4.50 per warrant, aiming to raise approximately ₹14.99 Crores. Each warrant is convertible into one equity share of face value ₹1 at an issue price of ₹4.50 per share, including a premium of ₹3.50. A 25% upfront payment is required upon subscription, with the balance 75% due upon conversion within 18 months. The proposal requires shareholder approval via a Special Resolution at the upcoming AGM on September 30, 2026. Key allottees include Mukka Proteins Limited (Promoter Group) and individuals Mr. Danish Gafarbhai Panja and Mr. Nelamangala Umesh Mohan Kumar (Non-Promoter).