Shree Hari Chemicals Approves Warrants Issue, Director Reappointments
Shree Hari Chemicals Export Ltd's Board of Directors met on August 25, 2026, approving several key resolutions. The company will issue 22,85,000 convertible warrants at ₹176.10 each, totaling ₹40,23,88,500, on a preferential basis, subject to shareholder approval. Additionally, the board approved the re-appointment of Shri Bankesh Chandra Agrawal as Chairman & Managing Director, Shri Sarthak Agarwal and Shri Nihit Agarwal as Whole Time Directors, and Shri Ram Gupta as Independent Director, all for further terms. Shri Amrut Urkude was appointed as an Additional Independent Director. The company also plans to alter its Memorandum of Association and convene its 39th Annual General Meeting on September 24, 2026. Further plans include expansion in dye and chemical units and investment in its subsidiary, Shakambhari Dyechem Private Limited.
Key Highlights
- Company to issue 22,85,000 convertible warrants worth ₹40.24 Cr.
- Multiple director re-appointments and one new appointment approved.
- Alteration of Memorandum of Association to be proposed.
- 39th Annual General Meeting scheduled for September 24, 2026.
- Expansion plans and investment in subsidiary approved.
Price Impact
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