Investment26 Feb 2026, 02:15 pm
Shree Salasar Investments Ltd. Approves Issue of Convertible Warrants and Convenes Extra Ordinary General Meeting
AI Summary
Shree Salasar Investments Ltd. announced that its Board of Directors has approved the issue of up to 18,550,000 (Eighteen Lakh Fifty Thousand only) Warrants convertible into Equity Shares. The decision was made during a meeting held on Thursday, February 26, 2026. The warrants will be issued in one or more tranches, 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 company 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
- Approval of the issue of up to 18,550,000 (Eighteen Lakh Fifty Thousand only) Warrants convertible into Equity Shares
- The warrants will be issued in accordance with the SEBI (ICDR) Regulation 2018 read with the Companies Act, 2013 and rules made thereunder
- The warrants will be convertible into Equity Shares having a face value of Rs. 10/- each at an issue price of Rs. 175/- (Rupees One Hundred and Seventy Five only)
- The rights attached to Warrants can be exercised at any time, within a period of 18 months from the date of allotment of Warrants
- Approval of the notice to convene an Extra-Ordinary General Meeting of the Company for obtaining shareholder's approval