Mold-Tek Technologies to raise ₹4.75 Crore via Preferential Allotment
Mold-Tek Technologies will issue up to 2,90,000 equity shares at ₹164 each, raising ₹4.75 Crore via preferential allotment to Mr. Richard Leon Cannyn. An EGM is scheduled for March 30, 2026, to approve the issuance.
The amount raised is significant relative to the company's size and will dilute existing shareholders' equity. The impact is considered medium as it is a substantial capital raise but not transformative.
The company is raising capital through a preferential allotment, which is generally viewed positively as it can fund growth or strengthen the balance sheet.
Mold-Tek Technologies Limited announced today, February 28, 2026, that its Board of Directors has approved the issuance of up to 2,90,000 equity shares, each with a face value of ₹2, at an issue price of ₹164 per share. This preferential allotment, which includes a premium of ₹162 per share, will aggregate up to ₹4.75 Crore (Rupees Four Crores Seventy Five Lacs Sixty thousand only). The shares are being issued for cash to an identified investor, Mr. Richard Leon Cannyn (Non-Promoter), subject to member approval and in accordance with SEBI ICDR Regulations.
The company has also scheduled an Extraordinary General Meeting (EGM) for Monday, March 30, 2026, at 11:30 AM IST, to be conducted through video conference/Other Audio Visual Means, to seek member approval for this preferential issue. Mr. Ashish Kumar Gaggar, a Company Secretary in Practice, has been appointed as the scrutinizer for the e-voting process for the EGM.
The Relevant Date for the SEBI ICDR Regulations is Friday, February 27, 2026. Post-allotment, Mr. Richard Leon Cannyn will hold 2,90,000 shares, representing 0.997% of the post-preferential issue share capital.
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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.