Board Approves Authorised Capital Hike to Rs. 71,50,00,000 and Warrant Issue Price of Rs. 110 Each
Authorised share capital proposed to rise from Rs. 57,86,00,000/- to Rs. 71,50,00,000/- (7,15,00,000 equity shares of Rs. 10/- each), subject to shareholder approval 📈.
- Authorised Capital - Current
- Rs. 57,86,00,000/- (5,78,60,000 equity shares of Rs. 10/- each)
- Authorised Capital - Proposed
- Rs. 71,50,00,000/- (7,15,00,000 equity shares of Rs. 10/- each)
- Convertible Warrant Issue Price
- Rs. 110/- each (Rs. 100/- premium + Rs. 10/- face value)
- Relevant Date
- Wednesday, 23rd September, 2026
- EGM Date and Time
- Friday, 23rd October, 2026 at 12:00 P.M. via VC/OAVM
What the Board decided
The meeting on 30th September, 2026 ran from 02:00 P.M. to 03:30 P.M. and continued the agenda started at the Board Meeting of 10th September, 2026.
- Authorised share capital to increase from Rs. 57,86,00,000/- divided into 5,78,60,000 equity shares of Rs. 10/- each to Rs. 71,50,00,000/- divided into 7,15,00,000 equity shares of Rs. 10/- each, with a consequent alteration of the Capital Clause of the Memorandum of Association. This needs shareholder approval in a general meeting.
- Issue price for the proposed convertible warrants through preferential issue set at Rs. 110/- each, made up of Rs. 100/- premium and Rs. 10/- face value.
- The Relevant Date under SEBI ICDR Regulations for the warrant issue is Wednesday, 23rd September, 2026.
- A valuation report was obtained from a registered valuer entity in Ahmedabad, as required under the Companies Act, 2013 and SEBI ICDR Regulations.
- An Extra-Ordinary General Meeting, with the draft notice, is to be held on Friday, 23rd October, 2026 at 12:00 P.M. through Video Conference / Other Audio-Visual Means.
How to read this
Raising authorised capital is a housekeeping step that creates room to issue more shares later; it does not by itself issue any shares. The warrant pricing is the concrete number here: each warrant, when converted, would bring in Rs. 110/- per share for the company.
Because convertible warrants can later become equity shares, existing shareholders may see their percentage holding diluted if and when conversion happens. The number of warrants and the allottees were part of the earlier agenda approved on 10th September, 2026.
Next step
Shareholders will vote on the capital increase and related items at the EGM on 23rd October, 2026.
Also from Bizotic Commercial
EGM on 23 October 2026 to approve capital increase and Rs. 110 warrants to promoters and others
30 Sep 2026
More numbers
- Existing authorised share capitalRs. 57,86,00,000/-
- Existing authorised equity shares5,78,60,000
- Proposed authorised share capitalRs. 71,50,00,000/-
- Proposed authorised equity shares7,15,00,000
- Face value per equity shareRs. 10/-
- Warrant issue priceRs. 110/-
- Premium per warrantRs. 100/-
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