CAComrade Appliances543921Preferential allotment

Board approves preferential issue of up to 24,00,000 shares at Rs. 34; promoter agrees to sell 24.30% stake

Board approved a preferential issue of up to 24,00,000 equity shares at Rs. 34 each, raising up to Rs. 8.16 crore in cash.

By ScoutQuest · Tue 13 Oct 2026, 8:33 PM IST · 2 min read

Preferential issue size

up to 24,00,000 equity shares at Rs. 34 each, raising up to Rs. 8.16 crore

Promoter stake sale

18,90,000 shares (24.30%) for Rs. 6.43 crore via Share Purchase Agreement

Issue price

Rs. 34 per equity share

Preferential issue approved by the Board

• Up to 24,00,000 equity shares of face value Rs. 10 each, at an issue price of Rs. 34 per Equity Share, for cash.
• Aggregate amount up to Rs. 8.16 crore.
• Omnia Appliances Private Limited: up to 20,00,000 equity shares.
• Anadi Investments Private Limited: up to 4,00,000 equity shares.
• Both are shown in the Public category at present; the issue is subject to approval of the members of the Company and applicable regulatory authorities.

Promoter share sale through a Share Purchase Agreement

• Mr. Mehboob Alam, promoter, holds 22,83,705 equity shares, or 29.36% of the paid-up share capital.
• He has entered into a Share Purchase Agreement on October 13, 2026 to sell 18,90,000 equity shares, representing 24.30% of the current paid-up share capital, at Rs. 34 each.
• Total consideration: Rs. 6.43 crore.
• Counterparties (Acquirers): Omnia Appliances Private Limited, Graphic Promoters and Developers Private Limited, Amaira Estate Advisors LLP and MLJ Aeternum LLP. The update states they had no relationship with the Company on the date of entering the agreement.

Change in control and the open offer

• Purpose stated for the Share Purchase Agreement: acquisition of substantial shares and control over the Company.
• Pursuant to the proposed preferential issue and the Share Purchase Agreement, Omnia Appliances Private Limited along with other Acquirers will hold a substantial stake and acquire joint control and management of the Company.
• For this, the allottee and other Acquirers are required to make an Open Offer under SEBI (SAST) Regulations, 2011. On completion of open offer formalities, they will form part of the Promoter & Promoter Group.

Other agreements and board decisions

• A Shareholders Subscription Agreement was entered between the Company and Omnia Appliances Private Limited to record the terms of the preferential allotment of 20,00,000 equity shares: 20,00,000 equity shares at Rs. 34 per share, totalling Rs. 6.8 crore, paid in cash. The shares rank pari passu with existing equity shares.
• A Preferential Issue Committee of the Board has been constituted to take necessary actions connected with the issue and to finalise and approve the relevant documents.
• The Board approved the draft notice of Postal Ballot seeking members' approval on the resolutions set out in that notice.
• The transaction is stated not to fall within related party transactions.

Points a retail investor may note

• The preferential issue increases the number of equity shares in issue, so existing holdings will represent a smaller share of the company once allotted.
• The issue price of Rs. 34 per share is the price determined under Chapter V of SEBI (ICDR) Regulations, 2018.
• Two things run in parallel: a fresh issue of shares by the company, and a sale of existing promoter shares to the Acquirers.
• Completion of the issue is subject to member approval and applicable regulatory approvals, and the change in promoter classification follows completion of the open offer formalities.

Nothing here is a view, opinion or recommendation of ScoutQuest, its parent, directors or employees. ScoutQuest is a technology company: this page was assembled automatically from public sources using artificial intelligence, and may contain errors or omissions. Confirm everything against the original source before you act on it. Any use of this page is at your own risk, and neither ScoutQuest nor its parent, directors or employees accepts liability for it.

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