StockWatch
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Civil Construction
Board Meeting7 Sept 2026, 07:20 pm

Vishnu Prakash R Punglia Ltd Revises Warrant Issuance Details

AI Summary

Vishnu Prakash R Punglia Limited has issued a revised outcome of its Board of Directors meeting held on September 5, 2026. The company is proceeding with the issuance of Fully Convertible Warrants up to INR 100 crore on a preferential basis. The issuance is targeted at the "Promoter Group" and "Non-Promoter- Public Category". A typographical error in the investor name was corrected; Minerva Venture Fund was mistakenly listed instead of MGO High Conviction Fund incorporated VCC Sub-Fund. The issue size and other terms remain unchanged. The updated Annexure-A with the correct investor details has been submitted.

Key Highlights

  • Company to issue Fully Convertible Warrants worth up to INR 100 crore.
  • Warrants to be issued on a preferential basis to promoter and public categories.
  • Typo corrected: MGO High Conviction Fund replaces Minerva Venture Fund.
  • Issue size and overall proposal remain unchanged.
  • Revised outcome filed with stock exchanges.