Shivalik Rasayan Allots 2.82 Lakh Shares & 9.48 Lakh Warrants on Preferential Basis
Shivalik Rasayan approved the allotment of 2,82,000 equity shares at ₹250 each for ₹7.05 crore. Additionally, 9,47,990 warrants were allotted at ₹250 each for ₹23.70 crore. These preferential allotments increase the paid-up equity share capital. The Board meeting was held on September 14, 2026.
The preferential allotment of equity and warrants represents a substantial fundraising event for the company, which could impact its capital structure and future growth prospects.
The company is raising significant capital through preferential allotment of equity shares and warrants, which is generally viewed positively as it can be used for business expansion or strengthening the balance sheet.
Shivalik Rasayan Limited announced the outcome of its Board of Directors meeting held on Monday, September 14, 2026. The board approved the allotment of 2,82,000 equity shares of face value ₹5 each at an issue price of ₹250 per share on a preferential basis to the "Public" category. This allotment aggregates to ₹7,05,00,000.
Key allottees in this category include Harish Pande Jt. Usha Pande (48,000 shares), Ashwani Kumar Sharma (1,32,000 shares), Usha Pande Jt. Harish Pande (42,000 shares), Deepa Pande (30,000 shares), and Jaideep Mahesh Chandra Dwivedi (30,000 shares). Consequent to this allotment, the company's paid-up equity share capital has increased to ₹8,01,61,825, comprising 1,60,32,365 equity shares.
Furthermore, the board approved the allotment of 9,47,990 Fully Convertible Warrants at an issue price of ₹250 per warrant for cash, aggregating ₹23,69,97,500. These warrants were allotted on a preferential basis to entities in the "Promoter & Promoter Group" and "Public" categories. Allottees include Growel Remedies Limited (4,28,000 warrants), Bishnoi Exports Private Limited (1,20,000 warrants), and Ginnerup Capital ApS (3,99,990 warrants).
Following this allotment, the company's paid-up equity share capital on a fully diluted basis will be ₹8,49,01,775, representing 1,69,80,355 equity shares. The Board meeting commenced at 3:15 pm and concluded at 4:00 pm.
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Shivalik Rasayan 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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See the model portfoliosA plain-language summary of a public exchange filing by Shivalik Rasayan Limited. Read the original for the full detail.