Shivalik Rasayan to hold EGM on Aug 20, 2026, for preferential issue of shares & warrants.
Shivalik Rasayan Limited will hold an EGM on August 20, 2026. The company plans to issue up to 3,72,000 equity shares at ₹250 each, raising ₹9.30 crore. Additionally, it will issue up to 9,48,000 warrants at ₹250 each, potentially raising ₹23.70 crore. Remote e-voting is open from August 17-19, 2026.
The preferential issue and warrant issuance represent a significant capital raising exercise for the company, which could impact its financial structure and future growth. The amounts involved are substantial relative to typical market capitalizations for such companies.
The announcement pertains to preferential issuance of equity shares and warrants, which are forms of fundraising and capital expansion, generally viewed positively by the market as it indicates growth plans.
Shivalik Rasayan Limited has announced that its Extra Ordinary General Meeting (EGM) is scheduled to be held on Thursday, August 20, 2026, at 1:00 PM at Hotel Saffron Leaf, GMS Road, Dehradun, Uttarakhand. The primary purpose of this EGM is to seek shareholder approval for two significant preferential issues.
The first item on the agenda is the issuance of up to 3,72,000 equity shares of face value ₹5 each, at an issue price of ₹250 per share (including a premium of ₹245), for an aggregate amount of up to ₹9.30 crore. These shares will be allotted to specific individuals and entities belonging to the "Public" category, including Harish Pande, Ashwani Kumar Sharma, Usha Pande, Deepa Pande, and Jaideep Mahesh Chandra Dwivedi.
The second item involves the issuance of up to 9,48,000 Fully Convertible Warrants at an issue price of ₹250 per warrant. These warrants are convertible into equity shares within 18 months of allotment and are intended for persons/entities in the "Promoter and Promoter Group" and "Public" categories. The total aggregate amount for this issuance is up to ₹23.70 crore. The proposed allottees for the warrants include Growel Remedies Limited (Promoter), Bishnoi Exports Private Limited (Public), and Ginnerup Capital ApS (Public).
The notice calling the EGM, along with an explanatory statement, was dispatched electronically on Monday, July 27, 2026. Shareholders have the option to exercise their voting rights through remote e-voting, which commences on Monday, August 17, 2026, at 9:00 AM IST and concludes on Wednesday, August 19, 2026, at 5:00 PM IST. The cut-off date for determining eligible voters for remote e-voting is August 13, 2026.
What to do with a filing like this
Shivalik Rasayan Limited filed this with the NSE as a statutory disclosure, categorised under egm. 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.