Mold-Tek Technologies Approves Preferential Issue of 2.9 Lakh Shares Worth ₹4.75 Crore
Mold-Tek Technologies will issue up to 2.9 lakh equity shares at ₹164 each, raising ₹4.75 crore via preferential allotment to a non-promoter investor. An EGM is scheduled for March 30, 2026, to approve the issuance.
The preferential issue of ₹4.75 crore is a material amount for the company and will result in dilution of existing shareholders' equity.
The company is raising capital through a preferential issue, which is generally viewed positively as it can fund growth or operational needs.
Mold-Tek Technologies Limited has announced the outcome of its Board Meeting held on February 28, 2026. The board has approved the issuance of up to 2,90,000 equity shares of face value ₹2 each, at an issue price of ₹164 per share (including a premium of ₹162 per share). This preferential issue is aimed at raising an aggregate of ₹4.75 crore (Rupees Four Crores Seventy Five Lacs Sixty thousand only) from a single identified investor, who is a non-promoter.
The issuance is subject to the approval of the company's members and will be conducted in accordance with Chapter V of the SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018. The relevant date for determining the issue price, as per SEBI ICDR Regulations, was February 27, 2026.
To facilitate this preferential issue, the company will convene an Extraordinary General Meeting (EGM) on Monday, March 30, 2026, at 11:30 AM IST. The EGM will be conducted through video conference or other audio-visual means to seek shareholder approval for the proposed share issuance. Mr. Ashish Kumar Gaggar, a Company Secretary in Practice, has been appointed as the scrutinizer for the e-voting process of the EGM.
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Mold-Tek Technologies Limited filed this with the NSE as a statutory disclosure, categorised under equity fundraising. It is a primary document, not a recommendation, and the desk marks it medium impact: worth reading, rarely worth acting on by itself.
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See the model portfoliosA plain-language summary of a public exchange filing by Mold-Tek Technologies Limited. Read the original for the full detail.