Pakka Limited Approves Preferential Issue of Equity Shares and Warrants Worth ₹129.91 Crore
Pakka Limited approved a preferential issue of equity shares aggregating up to ₹29.92 crore and convertible warrants aggregating up to ₹99.99 crore. The equity shares will be issued to non-promoter public investors, and warrants to a promoter group entity. An EGM is scheduled for May 5, 2026, for shareholder approval.
The preferential issue of equity and warrants represents a substantial capital raise for the company, which could significantly impact its financial structure and future growth prospects.
The company is raising significant capital through preferential issuance of equity shares and warrants, which is generally viewed positively as it can fund growth or strengthen the balance sheet.
Pakka Limited's Board of Directors, in a meeting held on April 7, 2026, approved a preferential issue of up to 27,20,000 fully paid-up equity shares at an issue price of ₹110 per share (including a premium of ₹100), aggregating up to ₹29.92 crore. These shares will be issued on a preferential basis to non-promoter public investors, including schemes managed by Neo Alternative Asset Managers Private Limited.
Additionally, the Board approved the preferential issue of up to 90,90,000 fully convertible warrants at an issue price of ₹110 per warrant. These warrants are convertible into equity shares within 18 months of allotment and are proposed to be issued to Yash Agro Products Limited, a promoter group entity. This warrants issue aggregates up to ₹99.99 crore.
The company will convene an Extraordinary General Meeting (EGM) on May 5, 2026, to seek shareholders' approval for these preferential issues. The relevant date for determining the minimum issue price for the preferential issue is April 3, 2026.
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PAKKA 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 high impact, which is the band that most often changes something.
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