Quarterly Result30 Jan 2026, 07:22 pm
Shish Industries Ltd Reduces Preferential Issue of Warrants by 4,16,670 Units
AI Summary
Shish Industries Ltd has decided to reduce the total size of the preferential issue of Fully Convertible Equity Warrants from 84,05,92,30 to 83,64,25,60 Warrants. This decision comes after one of the proposed allottees, Mr. Sanjaykumar Chaturbhai Bhadani, failed to submit the required Depository Transaction Statement from his broker, ICICI Bank Limited, as per SEBI regulations. The Board has confirmed that this reduction does not alter or prejudice the rights of the remaining allottees and remains in conformity with the approvals granted by the Members of the Company.
Key Highlights
- Shish Industries Ltd reduces the total size of the preferential issue of Fully Convertible Equity Warrants by 4,16,670 units.
- The reduction is due to the failure of a proposed allottee, Mr. Sanjaykumar Chaturbhai Bhadani, to submit the required Depository Transaction Statement.
- The total size of the preferential issue now stands at 83,64,25,60 Warrants.
- The rights of the remaining allottees remain unaltered and the reduction is in conformity with the approvals granted by the Members of the Company.
- The decision was made at the Board meeting held on January 30, 2026.
Price Impact
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