Vishnu Prakash R Punglia to raise ₹100 Cr via warrants
Vishnu Prakash R Punglia Limited's Board of Directors has approved the issuance of fully convertible warrants on a preferential basis to promoter and non-promoter public categories. The company aims to raise up to ₹100 crore to augment working capital, support business operations, and meet future growth requirements. The issuance is subject to shareholder and regulatory approvals. Additionally, the board approved the conversion of unsecured loans from directors/promoters into equity shares, with an aggregate amount not exceeding ₹200 crore.
Key Highlights
- Board approves preferential issuance of convertible warrants.
- Targeting to raise ₹100 crore for working capital and growth.
- Unsecured promoter loans convertible to equity up to ₹200 crore.
- Annual General Meeting scheduled for September 30, 2026.
- Subject to shareholder and regulatory approvals.
Price Impact
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