Pakka Ltd Board Meeting on Oct 17 to Approve Share Allotment

Pakka Limited has scheduled a Fund Raising Committee meeting of its Board of Directors for October 17, 2026. The primary agenda is to consider and approve the allotment of 38,80,000 fully paid-up equity shares. This allotment is a conversion of an equivalent number of outstanding fully convertible warrants held by Yash Agro Products Limited, an entity within the Promoter Group. The conversion is pursuant to a preferential issue approved by shareholders and the terms of the warrants. Each warrant, with a face value of ₹10, is convertible at an issue price of ₹110 (₹10 face value + ₹100 premium). The total consideration for the conversion is ₹42,68,00,000 (₹42.68 Crore). A portion of ₹10,67,00,000 (₹10.67 Crore) was paid upfront, and the remaining ₹32,01,00,000 (₹32.01 Crore) is due upon exercise.