Shree Pushkar Approves Q2 FY27 Results, ₹70 Cr Expansion, and Preferential Warrants
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. A significant expansion plan was greenlit, involving a new chemical plant at Unit-5 in Ratnagiri, Maharashtra, with 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 up to 8,54,060 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 and H1 FY27 unaudited financial results.
- Expansion at Unit-5 approved with ₹70 crore capital expenditure.
- Authorized share capital increased to fund expansion.
- Promoter to receive warrants worth ₹45.04 crore (8,54,060 warrants @ ₹526.90).
- EGM scheduled for December 2, 2026, to approve proposals.
Price Impact
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