Board Meeting24 Jul 2026, 08:10 pm
Stellant Securities Approves Preferential Issue & Capital Increase
AI Summary
Stellant Securities (India) Ltd's Board of Directors, in a meeting held on July 24, 2026, approved a preferential issue and an increase in authorized capital. The authorized share capital will rise from ₹7 crore to ₹17 crore. The company will issue 348,837 warrants convertible into equity shares to promoters and relatives for ₹21 crore and 1,299,143 equity shares to non-promoters for ₹78.21 crore, subject to shareholder approval. A practicing company secretary was appointed as a scrutinizer for the e-voting process.
Key Highlights
- Authorized capital increased from ₹7 Cr to ₹17 Cr.
- Preferential issue of warrants to promoters for ₹21 Cr.
- Preferential issue of equity shares to non-promoters for ₹78.21 Cr.
- Shareholder approval required for the preferential issue.
- Scrutinizer appointed for e-voting process.
Price Impact
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