Shivalik Rasayan Approves ₹9.3 Cr Equity Issue & ₹23.7 Cr Warrant Issue
Shivalik Rasayan will issue 3,72,000 equity shares at ₹250 each, raising ₹9.30 crore. Additionally, 9,48,000 warrants will be issued at ₹250 each, raising ₹23.70 crore. These will be issued on a preferential basis. An EGM is scheduled for August 20, 2026, for approval.
The preferential issuance of equity and warrants will increase the company's capital base, which can have a significant impact on its financial structure and future growth prospects. The amounts raised are substantial relative to typical market capitalization.
The company is raising capital through the issuance of equity shares and warrants, which is generally viewed positively as it can fund growth or operational needs.
Shivalik Rasayan Limited's Board of Directors, in a meeting held on July 23, 2026, has approved the issuance and allotment of up to 3,72,000 equity shares at an issue price of ₹250 per share, aggregating to ₹9.30 crore. These shares will be issued on a preferential basis to individuals in the 'Public' category.
The Board also approved the issue and allotment of up to 9,48,000 fully convertible warrants at an issue price of ₹250 per warrant, aggregating to ₹23.70 crore. These warrants are convertible into equity shares within 18 months from the allotment date and will be issued to entities in the 'Promoter & Promoter Group' and 'Public' categories.
The company has also constituted a Preferential Issue Committee to finalize necessary documents. An Extra-Ordinary General Meeting (EGM) is scheduled for August 20, 2026, to seek shareholder approval for these preferential issues. Mr. Manoj Kumar Jain has been appointed as the Scrutinizer for the remote e-voting process for the EGM.
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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.