StockWatch
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Dyes And Pigments
Board Meeting2 Nov 2026, 07:22 pm

Shree Pushkar Approves Q2 FY27 Results, ₹70 Cr Expansion, and Fund Raise

AI Summary

Shree Pushkar Chemicals & Fertilisers Ltd announced key decisions from its Board Meeting held on November 2, 2026. The board approved the unaudited standalone and consolidated financial results for the second quarter and half year ended September 30, 2026. Additionally, a significant expansion plan was approved for a new chemical plant at Unit-5 in Ratnagiri, Maharashtra, involving a capital expenditure of ₹70 crores. To fund this expansion, the company will increase its authorized share capital and raise funds through the issuance of fully convertible warrants to the promoter, Mr. Punit Gopikishan Makharia, at ₹526.90 per warrant. An Extra-Ordinary General Meeting (EGM) is scheduled for December 2, 2026, to approve these proposals.

Key Highlights

  • Board approved Q2 FY27 unaudited financial results.
  • ₹70 crore expansion planned for a new chemical plant.
  • Fundraising via promoter warrants at ₹526.90 per warrant.
  • Authorized share capital to be increased.
  • EGM scheduled for December 2, 2026, to approve proposals.