StockWatch
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Stockbroking & Allied
Board Meeting20 Jul 2026, 08:51 pm

Swastika Investmart Board Approves Preferential Issue of Warrants

AI Summary

Swastika Investmart Ltd announced the outcome of its Board Meeting held on July 20, 2026. The board approved the un-audited standalone and consolidated financial results for the quarter ended June 30, 2026. Additionally, the company approved the issuance and allotment of up to 90,50,000 warrants, convertible into equity shares, at an issue price of ₹63.64 each, aggregating up to ₹57.59 Crores. These warrants will be issued to promoters and non-promoters via preferential issue, subject to shareholder and regulatory approvals. The board also decided to convene an Extra-Ordinary General Meeting (EGM) on August 14, 2026, to approve these matters.

Key Highlights

  • Board approved Q1 FY27 un-audited financial results.
  • Approved preferential issue of 90.5 Lakh warrants.
  • Warrant issue aims to raise ₹57.59 Crores.
  • EGM scheduled for August 14, 2026, to seek member approval.
  • Warrants to be issued to promoters and non-promoters.