Windsor Machines to raise ₹188 Crore via Warrants on Preferential Basis
Windsor Machines Limited will raise up to ₹188.125 crore by issuing 62,50,000 convertible warrants at ₹301 each on a preferential basis. The warrants are to be issued to S Gupta Family Enterprises Private Limited and KITARA PIIN 2601. An EGM is scheduled for December 05, 2026, to seek shareholder approval.
The fundraising of ₹188 crore is a material amount for the company and is expected to have a significant impact on its financial position and future growth prospects.
The company is raising significant capital through a preferential allotment, which is generally viewed positively as it can be used for growth or strengthening the balance sheet.
Windsor Machines Limited announced today, November 06, 2026, that its Board of Directors has approved the issuance of up to 62,50,000 Fully Convertible Warrants. Each warrant is convertible into one fully paid-up equity share of face value ₹2 each, at an issue price of ₹301.00 per warrant (including a premium of ₹299.00).
The total amount to be raised through this preferential allotment on a private placement basis is up to ₹188.125 crore (₹188 crore 12.50 lakh). The issuance will be made to two identified investors: S Gupta Family Enterprises Private Limited and KITARA PIIN 2601.
An Extraordinary General Meeting (EGM) of the company's members will be convened on Saturday, December 05, 2026, at 11:00 AM IST, through Video Conferencing/Other Audio-Visual Means, to seek approval for this warrant issuance. Ms. Rama Subramanian, a Practicing Company Secretary, has been appointed as the Scrutinizer for the EGM's e-voting process.
Investors will pay 25% of the warrant issue price at the time of subscription and allotment, with the remaining 75% payable upon exercise of the warrants. Unconverted warrants will lapse after 18 months from the date of allotment, and the upfront consideration paid will be forfeited.
What to do with a filing like this
Windsor Machines 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 high impact, which is the band that most often changes something.
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See the model portfoliosA plain-language summary of a public exchange filing by Windsor Machines Limited. Read the original for the full detail.