Pakka Limited to Hold EGM on May 5, 2026, to Increase Authorized Capital and Issue Warrants/Shares
Pakka Limited will hold an EGM on May 5, 2026, to increase authorized capital from ₹60.05 crore to ₹100 crore. The company will also issue 90,90,000 warrants to promoters for up to ₹99.99 crore and 27,20,000 equity shares to non-promoters for up to ₹29.92 crore, both on preferential basis.
The preferential issuance of warrants and equity shares, along with the increase in authorized capital, represents a substantial capital raising exercise that can significantly impact the company's financial structure, growth prospects, and shareholder value.
The announcement details significant fundraising activities through preferential allotment of warrants and equity shares, along with an increase in authorized share capital, which are generally seen as positive developments for company growth and expansion.
Pakka Limited has announced an Extra Ordinary General Meeting (EGM) to be held on Tuesday, May 5, 2026, at 05:00 PM IST via Video Conferencing. The primary agenda items include increasing the company's authorized share capital and approving the issuance of Fully Convertible Warrants and Equity Shares on a preferential basis.
The authorized share capital is proposed to be increased from ₹60.05 crore to ₹100 crore. This will be achieved by creating an additional 3,99,50,000 equity shares.
The company also plans to issue up to 90,90,000 Fully Convertible Warrants to Yash Agro Products Limited (part of the Promoters' Group) for a total consideration of up to ₹99.99 crore. These warrants will be issued at a price of ₹110 per warrant and are convertible into equity shares within 18 months.
Furthermore, up to 27,20,000 equity shares will be issued to non-promoter category investors, specifically to Neo Special Credit Opportunities Fund, Neo Special Credit Opportunities Fund II, Neo Special Credit Opportunities Fund II A, and Neo Credit Opportunities Fund I. This issuance will be at a price of ₹110 per share (including a premium of ₹100), aggregating up to ₹29.92 crore.
Remote e-voting for the EGM will be open from Saturday, May 2, 2026, at 09:00 AM IST until Monday, May 4, 2026, at 05:00 PM IST. Members eligible to vote are those whose names are recorded as of Thursday, April 30, 2026. The notice for the EGM has been uploaded on the company's website.
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PAKKA LIMITED filed this with the NSE as a statutory disclosure, categorised under egm. 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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See the model portfoliosA plain-language summary of a public exchange filing by PAKKA LIMITED. Read the original for the full detail.