Shivalik Rasayan to raise ₹33 Cr via Equity Shares & Warrants

Shivalik Rasayan Limited announced a revised outcome from its Board of Directors meeting held on July 23, 2026. The board approved the issuance and allotment of up to 3,72,000 equity shares at ₹250 per share, aggregating up to ₹9.30 crore, to the 'Public' category on a preferential basis. Additionally, the company approved the issuance of up to 9,48,000 fully convertible warrants at ₹250 per warrant, aggregating up to ₹23.70 crore, to 'Promoter & Promoter Group' and 'Public' categories. These warrants are convertible into equity shares within 18 months. A Preferential Issue Committee was constituted, and an Extra-Ordinary General Meeting (EGM) is scheduled for August 20, 2026, to seek shareholder approval for these preferential issues. A scrutinizer has been appointed for the e-voting process.