CHCMX Holdings532217QIP fundraising

EGM on 16 Nov 2026 to vote on Rs. 150 crore QIP and increase in authorised share capital

EGM on 16 Nov 2026, 12:30 PM via VC/OAVM.

By ScoutQuest · Fri 23 Oct 2026, 7:15 PM IST · 2 min read

QIP size

up to Rs. 150/- crores

Authorised share capital change

Rs. 30 crore to Rs. 196 crore (additional 16.6 crore shares of Rs. 10 each)

Allotment & pricing terms

allotment within 365 days, discount up to 5% on floor price

What is being put to shareholders

The company (formerly CMX Holdings Limited) has called its 01/2026-27 Extra-Ordinary General Meeting on Monday, 16 November 2026 at 12:30 P.M. (IST), to be held through video conferencing / other audio-visual means. Two items of special business are on the notice.

Increase in authorised share capital (Ordinary Resolution)

• Authorised share capital is proposed to go up from Rs. 30 crore, divided into 3 crore equity shares of Rs. 10 each, to Rs. 196 crore, divided into 19.6 crore equity shares of Rs. 10 each.
• The increase is by creation of an additional 16.6 crore equity shares of Rs. 10 each, which will rank pari passu with the existing equity shares.
• The Capital Clause (Clause V) of the Memorandum of Association is to be altered to reflect the new figure.
• Authorised capital is the ceiling up to which a company may issue shares. Raising it does not by itself issue any shares; it creates room for future issuance.

Fund raise through a qualified institutions placement (Special Resolution)

• Approval is sought to create, offer, issue and allot fully paid-up equity shares for an aggregate consideration of up to Rs. 150/- crores, in one or more tranches.
• The route is a qualified institutions placement under Chapter VI of the SEBI ICDR Regulations, to eligible investors including qualified institutional buyers.
• Allotment is to be completed within 365 days from the date of passing the special resolution.
• The issue price is to be not less than the QIP Floor Price determined under Regulation 176(1) of the SEBI ICDR Regulations, with the Board permitted to offer a discount of not more than 5% on that floor price.
• The securities allotted will not be eligible to be sold by the allottee for a period of one year from the date of allotment, except on a recognised stock exchange.
• The Board is authorised to decide the number of securities, issue price, and the opening and closing dates of the issue, and to seek listing of the securities on the stock exchanges.

Use of the money raised

• Capital expenditure, pre-payment and/or repayment of outstanding borrowings, acquisition of land, funding of projects, working capital requirements, general corporate purposes, or any combination of these, as determined by the Board or a duly authorised committee.

How the two items fit together

• The authorised capital increase is described as an ordinary resolution; the fund raise is a special resolution.
• The larger authorised capital creates headroom for issuing the shares that the placement would involve. Both items need shareholder approval at the meeting before either can be acted upon.

What a retail shareholder can watch for

• The exact number of shares and the price will be decided later by the Board, within the Rs. 150/- crore ceiling approved.
• The notice states the proceeds may be used for several purposes, including repayment of borrowings and capital expenditure; the specific allocation is to be decided by the Board.

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