Investment26 Feb 2026, 02:11 pm
Shree Salasar Investments Ltd. Approves Issuance of Warrants Convertible into Equity Shares
AI Summary
Shree Salasar Investments Ltd. announced the outcome of its Board Meeting held on 26th February, 2026. The Board approved the issuance of up to 18,550,000 (Eighteen Lakh Fifty Thousand only) Warrants convertible into Equity Shares, in one or more tranches. The decision is subject to the approval of shareholders and in accordance with the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2018. The Board also approved the notice to convene an Extra-Ordinary General Meeting of the Company for obtaining shareholder's approval for the items stated above.
Key Highlights
- Issue of up to 18,550,000 Warrants convertible into Equity Shares
- Subject to the approval of shareholders and in accordance with the SEBI ICDR Regulations
- Each Warrant would be convertible into 1 Equity Share
- Rights attached to Warrants can be exercised at any time, within a period of 18 months from the date of allotment of Warrants
- Convening of Extra-Ordinary General Meeting of the Company for obtaining shareholder's approval