EGM on October 23, 2026 to consider preferential issue of 9,12,759 shares and higher Section 186 limits

Bharat Parenterals has convened an Extraordinary General Meeting on Friday, October 23, 2026 at 11:30 A.M. IST through video conferencing.

Thu 1 Oct 2026

EGM Date

Friday, October 23, 2026 at 11:30 A.M. IST through video conferencing

Preferential Issue Size

up to 9,12,759 equity shares

Issue Price

Rs. 1522.85 each (face value Rs. 10/-, premium Rs. 1512.85)

Total Consideration

Rs. 138,99,95,043.15

Section 186(2) Limit Approval

up to Rs.140,00,00,000/-

The meeting

Bharat Parenterals Ltd has convened an Extraordinary General Meeting on Friday, October 23, 2026 at 11:30 A.M. IST. The meeting will be held through Video Conferencing / Other Audio-Visual Means, and members will consider and, if thought fit, pass two Special Resolutions.

Resolution 1 - Preferential issue of equity shares

• Up to 9,12,759 equity shares on a preferential basis to proposed allottees who are non-promoters of the company.
• Issue price: Rs. 1522.85 per equity share, of face value Rs. 10/- each, including a premium of Rs. 1512.85 per equity share.
• Total cash consideration: Rs. 138,99,95,043.15.
• The price is not less than the Floor Price determined under Chapter V of the SEBI ICDR, based on the Relevant Date of September 23, 2026.
• The shares will rank pari passu with the existing equity shares, including dividend and voting rights, will be subject to lock-in as provided under the SEBI ICDR, and are proposed to be listed on BSE Limited, subject to approvals.
• Allotment will be in dematerialised form; where allotment is pending on account of approval of a regulatory authority, it will be completed within a period of 15 (Fifteen) days from the date of receipt of the last of such approvals.

Proposed allottees (non-promoters), the larger ones

• Whiteoak Capital India Opportunities Fund: 3,02,065 shares, consideration 45,99,99,685.25
• Aurum Rising India Fund: 1,64,165 shares, consideration 24,99,98,670.25
• Whiteoak Capital Equity Trust - Whiteoak Capital Equity Fund II: 1,31,332 shares, consideration 19,99,98,936.20
• Ashoka India Equity Investment Trust PLC: 80,631 shares, consideration 12,27,88,918.35
• Whiteoak Capital Multi Cap Fund: 45,966 shares, consideration 6,99,99,323.10
• Total across the 15 proposed allottees: 9,12,759 shares, consideration 138,99,95,043.15

Resolution 2 - Limits for loans, guarantees, security and investments

• Approval is sought for the Board to give any loan to any person or body corporate, give any guarantee or provide security in connection with a loan to any other body corporate or person, and acquire by way of subscription, purchase or otherwise the securities of any other body corporate.
• The aggregate of loans and investments made and guarantees or securities provided, along with the amounts proposed, shall not exceed Rs.140,00,00,000/-.
• This is over and above the limit of 60% of the paid-up share capital, free reserves and securities premium account of the company or 100% of the free reserves and securities premium account of the company, whichever is more.

How members can participate

• Remote e-voting period: October 20, 2026 at 09:00 a.m. IST to October 22, 2026 at 05:00 p.m. IST.
• Cut-off date for e-voting: Friday, October 16, 2026.
• The facility to attend the EGM through VC/OAVM is being made available for 1000 members on a first come first served basis.

What this means for investors

Both items are proposed as Special Resolutions, so they are placed before members for a vote. The preferential issue would bring in Rs. 138,99,95,043.15 from non-promoter investors at Rs. 1522.85 per equity share, and the Section 186 approval would allow the company to extend loans, guarantees, security and investments up to Rs.140,00,00,000/-. Members can weigh the impact using these figures, the number of shares being issued and the voting dates above.

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