Board Meeting6 Oct 2026, 07:40 pm
Shiva Granito Plans ₹5.72 Cr Equity & ₹3.67 Cr Warrant Issue
AI Summary
Shiva Granito Export Ltd's Board of Directors has approved a preferential issue of up to 54,50,000 equity shares at ₹10.50 per share, aggregating to ₹5.72 Crore. Additionally, the board approved a preferential issue of up to 35,00,000 warrants, convertible into equity shares at ₹10.50 per share, aggregating to ₹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.
Key Highlights
- Board approves preferential issue of 54.5 lakh equity shares.
- Board approves preferential issue of 35 lakh warrants.
- Total fundraising target of ₹9.4 Crore via preferential issues.
- EGM scheduled for November 5, 2026, to seek shareholder nod.
- Funds to be raised from non-promoter, promoter, and promoter group categories.
Price Impact
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