Raj Oil Mills to be renamed Raj Industries; Approves ₹5.75 Cr Share & Warrant Allotment
Raj Oil Mills Limited will be renamed Raj Industries Limited, subject to regulatory and member approvals. The company approved the allotment of 10,00,000 equity shares for ₹4.60 crore and 10,00,000 warrants for an upfront payment of ₹1.15 crore. This will increase the company's paid-up capital to ₹15.99 crore.
The name change and the fundraising of ₹5.75 crore (₹4.60 crore from equity shares and ₹1.15 crore upfront for warrants) are material events for the company, potentially impacting its strategic direction and financial structure.
The announcement includes a proposed name change to 'Raj Industries Limited' and a significant equity and warrant allotment, indicating a strategic move towards growth and capital infusion, which is generally viewed positively by the market.
Raj Oil Mills Limited announced a significant change in its corporate identity and financial strategy following a Board of Directors meeting held on July 27, 2026. The company's name is proposed to be changed to "Raj Industries Limited", subject to approval from the Central Registration Centre, Ministry of Corporate Affairs, members in a General Meeting, and subsequent amendments to its Memorandum and Articles of Association.
In a move to bolster its capital, the Board also approved the allotment of 10,00,000 equity shares at an issue price of ₹46 per share, including a premium of ₹36 per share, to specific individuals. This allotment, based on prior approvals from the Board and Members on May 12, 2026, and June 11, 2026, respectively, and in-principle approval from BSE and NSE on July 17, 2026, will raise ₹4.60 crore.
Furthermore, the company approved the allotment of 10,00,000 Warrants at a price of ₹46 per warrant, with an upfront payment of ₹11.50 per warrant (25% of the issue price). These warrants are convertible into equity shares within 18 months. The upfront payment for these warrants amounts to ₹1.15 crore. The total paid-up equity share capital of the company will increase from ₹14.99 crore to ₹15.99 crore post the equity share allotment. The company will seek listing and trading approval for these new shares from the stock exchanges.
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Raj Oil Mills Limited filed this with the NSE as a statutory disclosure, categorised under other corporate actions. 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 Raj Oil Mills Limited. Read the original for the full detail.