AGM/EGM8 Sept 2026, 07:31 pm
Sun Retail Ltd to hold 19th AGM on Sep 30, 2026; proposes warrant issue
AI Summary
Sun Retail Ltd has announced its 19th Annual General Meeting (AGM) will be held on Wednesday, September 30, 2026, at 02:00 PM via Video Conferencing. The meeting agenda includes the adoption of financial statements for the fiscal year 2025-26 and a special business item: the approval for the issuance and allotment of up to 46,98,32,000 fully convertible equity warrants on a preferential basis. These warrants, priced at ₹1 each, are convertible into equity shares and will be issued to specified investors, including Patel Maulik Kanubhai and N N Financial Advisory, within 18 months of allotment. The total issue size for the warrants is up to ₹46,98,32,000.
Key Highlights
- 19th AGM scheduled for September 30, 2026, via VC/OAVM.
- Company to consider FY2025-26 financial statements.
- Proposed issuance of 46,98,32,000 equity warrants on preferential basis.
- Warrant issue aims to raise up to ₹46.98 crore.
- Warrants convertible into equity shares within 18 months.
Price Impact
More from SUNRETAIL