Ratnaveer Precision Engineering Ltd. Corrects EGM Notice, Plans ₹115.18 Crore Preferential Issue
Ratnaveer Precision Engineering Limited will hold an EGM on January 10, 2026, to approve a preferential issue of 72,32,704 warrants at ₹159.25 each, aiming to raise ₹115.18 crore. Funds will be used for working capital (₹88.68 crore) and general corporate purposes (₹26.49 crore).
The preferential issue is a material event that will increase the company's equity base and fund its working capital and general corporate purposes, potentially impacting its financial structure and future performance.
The company is raising a significant amount of capital through a preferential issue, which is generally viewed positively as it can fund growth and operational needs.
Ratnaveer Precision Engineering Limited has issued a corrigendum to the notice of its 2nd Extra Ordinary General Meeting (EGM) for the financial year 2025-26, which is scheduled for Saturday, January 10, 2026, at 01:00 p.m. IST, to be conducted via Video Conferencing / Other Audio-Visual Means.
The corrigendum addresses specific details concerning the proposed offer for the issue of securities on a preferential basis, as part of the explanatory statement for item no. 1 of the special business.
Key corrections include the determination of the 'relevant date' for pricing. Initially considered as December 12, 2025, it is now revised to December 11, 2025, in accordance with SEBI (ICDR) Regulations, 2018, which requires the relevant date to be 30 days prior to the EGM. Consequently, the minimum price per warrant has been adjusted to ₹159.21. The company now proposes to issue 72,32,704 warrants at a price of ₹159.25 each.
Through this issue, Ratnaveer Precision Engineering Limited aims to raise ₹115.18 crore. These funds will be allocated as follows: ₹88.68 crore (77%) for working capital requirements and ₹26.49 crore (23%) for general corporate purposes.
The preferential issue includes the issuance of warrants to promoter and promoter group entities: Vijay Ramanlal Sanghavi (25,15,723 warrants), Seema Vijay Sanghavi (25,15,723 warrants), and Ratnaveer Ventures Private Limited (22,01,258 warrants).
The issue price per equity share (including premium) is fixed at ₹159.25, calculated as per SEBI (ICDR) Regulations, 2018. The company has obtained a valuation report dated December 14, 2025, with an addendum dated January 2, 2025, from True Valuation Services Private Limited, and a certificate dated January 2, 2025, from Saket P. Bhandari & Co. regarding the pricing calculation. These reports are available on the company's website.
As per SEBI (ICDR) Regulations, 2018, the company must complete the allotment of equity shares and warrants within 15 days of passing the resolution by shareholders, subject to regulatory approvals. For issues exceeding ₹100 crore, a Monitoring Agency will be appointed after receiving the funds.
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Ratnaveer Precision Engineering 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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