Raj Oil Mills to be renamed Raj Industries; approves allotment of shares & warrants
Raj Oil Mills Limited approved changing its name to Raj Industries Limited. The company also 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. The equity share capital increased to ₹15.99 crore.
The name change and capital infusion are significant corporate actions that could impact the company's strategic direction and financial standing, warranting a medium impact.
The company is undergoing a name change and successfully raising capital through the allotment of shares and warrants, indicating positive corporate actions and financial strengthening.
Raj Oil Mills Limited announced a significant outcome from its Board Meeting held on July 27, 2026. The Board has approved a change in the company's name from "Raj Oil Mills Limited" to "Raj Industries Limited", subject to necessary approvals from the Central Registration Centre (CRC), Ministry of Corporate Affairs, and members in a General Meeting.
In a separate development, 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, on a preferential basis. This allotment raised ₹4.60 crore.
Additionally, the company approved the allotment of 10,00,000 Warrants, each convertible into one equity share, at a price of ₹46 per warrant. An upfront payment of ₹1.15 crore was received, representing 25% of the issue price per warrant. These warrants are convertible into equity shares within 18 months from the allotment date upon payment of the balance consideration.
Following the allotment of equity shares, the company's issued, subscribed, and paid-up equity share capital has increased from ₹14.99 crore to ₹15.99 crore. The company will apply to the stock exchanges for listing and trading approval for these new equity shares.
What to do with a filing like this
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.