Board Meeting Scheduled to Consider Warrant Issue and Authorised Capital Increase
Craftroot Retail has scheduled a board meeting for October 3, 2026 to consider and approve a preferential issue of warrants to promoters and public investors, an increase in authorised share capital.
By ScoutQuest · · 1 min read
- Board Meeting Date
- October 3, 2026
- Primary Agenda Item 1
- Preferential issue of warrants to promoters and public investors
- Primary Agenda Item 2
- Increase in authorised share capital
- Primary Agenda Item 3
- Setting the date for an extraordinary general meeting (EGM)
- Regulatory Framework
- Chapter V of SEBI's (Issue of Capital and Disclosure Requirements) Regulations 2018
What is being decided
The board will review two main proposals: a preferential warrant issue for fund raising and an increase in authorised share capital.
Warrant issue details
- The warrants will be issued under Chapter V of SEBI's (Issue of Capital and Disclosure Requirements) Regulations 2018
- Both promoters and public category investors will be eligible to subscribe
- Shareholder approval will be required before the issue can proceed
- All other applicable regulatory and statutory approvals must also be obtained
Authorised capital increase
- The company proposes to increase its authorised share capital
- This will require an amendment to the Capital Clause of the Memorandum of Association
- Shareholder approval and government/regulatory/statutory approvals are necessary
Next steps
- The board will set a relevant date for the preferential issue
- A date for the EGM will be fixed at the board meeting
- Scrutinizers will be appointed for the EGM
- Shareholders will need to vote on both proposals at the EGM before they can be implemented
This is a standard capital-raising exercise that requires multiple levels of approval from the board, shareholders, and regulators.
Also from Craftroot Retail
Board meeting scheduled for 31 October 2026 to consider unaudited Q2 and half-year results
23 Oct 2026
Notice of EGM: authorised share capital increase and issue of up to 2,00,00,000 convertible equity warrants proposed
8 Oct 2026
Board approves authorised capital rise to Rs.23,50,00,000 and 2,00,00,000 warrants at Rs.11/- each
6 Oct 2026
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.