AGM/EGM24 Aug 2026, 06:10 pm
Wheels India Ltd Announces EGM for Preferential Issue
AI Summary
Wheels India Ltd has announced an Extraordinary General Meeting (EGM) scheduled for September 17, 2026, to be held via Video Conferencing. The primary agenda is to consider and approve a preferential issue of up to 12,69,391 equity shares at ₹1418 per share, aggregating up to ₹180 Crore. The proposed allottees include TSF Investments Limited, Mr. Srivats Ram, Ms Nivedita Ram, and Ms. Gita Ram. The notice for the EGM was sent to shareholders on August 24, 2026. The cut-off date for e-voting eligibility is September 10, 2026, with e-voting commencing on September 14 and concluding on September 16, 2026.
Key Highlights
- EGM scheduled for September 17, 2026, via Video Conferencing.
- Proposed preferential issue of equity shares worth up to ₹180 Crore.
- Issue price set at ₹1418 per equity share.
- Key allottees include TSF Investments and promoter family members.
- E-voting period from September 14 to September 16, 2026.
Price Impact
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