Board Meeting16 Oct 2026, 08:30 pm
CMX Holdings Seeks ₹150 Cr via QIP, Approves Share Capital Hike
AI Summary
CMX Holdings Ltd announced outcomes from its board meeting held on October 16, 2026. The board approved an increase in authorized share capital from ₹30 Crores to ₹196 Crores, subject to shareholder approval. Additionally, the company plans to raise up to ₹150 Crores (₹150,00,00,000) through a Qualified Institutions Placement (QIP). The board also approved the issuance of up to 11,29,03,225 warrants convertible into equity shares at ₹21.70 each, with a total issue size of approximately ₹244.99 Crores (₹2,44,99,99,983). These actions are subject to shareholder and regulatory approvals.
Key Highlights
- Authorized share capital increased from ₹30 Cr to ₹196 Cr.
- Company to raise up to ₹150 Cr via Qualified Institutions Placement (QIP).
- Approval for issuance of 11.29 Cr warrants convertible to equity.
- Total warrant issue size approximately ₹245 Cr.
- All proposals are subject to shareholder and regulatory approvals.
Price Impact
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