
Board Meeting10 Jun 2026, 07:01 pm
Shukra Pharma Board Approves Shareholder Approval for Warrant Issue
AI Summary
Shukra Pharmaceuticals Ltd's Board of Directors met on June 10, 2026, to approve seeking fresh shareholder approval for a preferential issue of 46,43,000 Convertible Equity Warrants. The original approval from November 1, 2025, lapsed due to timing issues. The issue price will be re-computed as per SEBI ICDR Regulations, not lower than ₹34 per warrant. The company will hold an EGM on July 6, 2026, to pass a special resolution. Ms. Rupal Patel has been appointed as Scrutinizer. The total issue size is approximately ₹16.51 crore at a revised price of ₹35.56 per warrant.
Key Highlights
- Board seeks shareholder nod for preferential issue of 46.43 lakh warrants.
- Original approval lapsed; fresh shareholder consent required.
- Issue price to be re-computed, not below ₹34/warrant.
- EGM scheduled for July 6, 2026, to approve the resolution.
- Total issue size approximately ₹16.51 crore.
Price Impact
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