Investment6 Oct 2026, 07:50 pm
Shiva Granito Export to Issue Equity Shares & Warrants
AI Summary
Shiva Granito Export Limited announced its Board of Directors has approved a preferential issue of up to 54,50,000 equity shares at ₹10.50 per share, aggregating ₹5.72 Crore. Additionally, the company will issue up to 35,00,000 fully convertible warrants, each convertible into one equity share at ₹10.50 per share, aggregating ₹3.67 Crore. These issuances are subject to shareholder approval. The company also decided to convene an Extra-Ordinary General Meeting on November 5, 2026, to approve these proposals. The equity shares are for non-promoter category allottees, while warrants are for promoter, promoter group, and non-promoter categories.
Key Highlights
- Board approved preferential issue of 54.5 Lakh equity shares.
- Board approved preferential issue of 35 Lakh convertible warrants.
- Total fundraising potential of ₹9.40 Crore.
- Shareholder approval and EGM required for the issuance.
- Funds to be raised via non-promoter and promoter categories.
Price Impact
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