Corporate Action19 Sept 2026, 08:10 pm
Swastika Investmart Approves Preferential Allotment of Warrants
AI Summary
Swastika Investmart Ltd's Preferential Allotment Committee has approved the issuance of 90,50,000 warrants convertible into equity shares. The warrants will be issued at a price of not less than ₹63.64 per warrant, including a premium of ₹61.64. This private placement is open to promoter and non-promoter/public categories for cash consideration, following a special resolution passed in the EGM on August 14, 2026, and in-principle approval from BSE. The issuance is subject to various regulatory approvals.
Key Highlights
- 90,50,000 warrants approved for preferential allotment.
- Warrants convertible into equity shares at ₹63.64 each.
- Issue includes promoter and public categories.
- Proceeds to be raised via cash consideration.
- Subject to regulatory and statutory approvals.
Price Impact
More from SWASTIKA