Board Meeting19 Aug 2026, 02:35 pm
Wheels India Ltd Approves Preferential Issue of 1.26 Cr Shares
AI Summary
Wheels India Ltd's Board of Directors has approved a preferential issue of up to 12,69,391 equity shares at an issue price of ₹1418 per share, aggregating up to ₹180 crores. The approval is subject to shareholder and regulatory clearances. The company also proposed to enhance its fund-raising limit from ₹400 crores to ₹450 crores. An Extraordinary General Meeting (EGM) is scheduled for September 17, 2026, to seek shareholder approval for these proposals. September 10, 2026, has been fixed as the record date for the EGM.
Key Highlights
- Board approved preferential issue of 12.69 lakh shares at ₹1418 each.
- Total funds to be raised via preferential issue is ₹180 crores.
- Fund raising limit enhancement proposed from ₹400 Cr to ₹450 Cr.
- EGM scheduled for September 17, 2026, to seek shareholder approval.
- September 10, 2026, fixed as record date for EGM.
Price Impact
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