Board to meet on 10 October 2026 to consider preferential issue of equity shares and warrants

Deep Polymers has informed BSE that its Board will meet on Saturday, 10 October 2026.

Wed 7 Oct 2026

Board Meeting Date

Saturday, 10 October 2026

Agenda

to consider a proposal for issuance of Equity Shares, including Equity Warrants, by way of a preferential allotment

Intimation Letter Date

7 October 2026

Board meeting on 10 October 2026

• Deep Polymers Limited has informed BSE that a meeting of its Board of Directors is scheduled to be held on Saturday, 10 October 2026.
• The item to be taken up is a proposal for issuance of Equity Shares, including Equity Warrants, by way of a preferential allotment.
• The intimation letter carrying this information is dated 7 October 2026.

What a preferential allotment is

• In a preferential allotment, shares are offered to a selected set of investors rather than to the public or to all existing shareholders.
• Warrants are a right to subscribe to shares at a later date. If warrants are issued and the holder later exercises them, shares would come into existence at that later stage.
• The company states that the issue would be made in accordance with the SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018 and the Companies Act, 2013, as amended.
• It adds that the issue would be subject to such regulatory or statutory approvals as may be required.

Where this stands right now

• The communication is a notice that the proposal will be placed before the Board, which will consider it at the meeting.
• The outcome would come from the Board's decision at that meeting.

What equity issuance can mean for existing shareholders

• When new equity shares are issued, the total number of shares of the company increases. Existing shareholders then hold a smaller percentage of the company than before. This is generally called dilution.
• How much dilution arises depends on the size of the issue and the price at which shares are issued, both of which flow from the actual terms of the issue.
• Warrants, if issued, would affect the share count only when they are exercised and shares are allotted against them.
• A preferential issue also brings in funds to the company from the allottees, and the use of those funds would be part of the terms of the issue.

How to read this announcement

• The update describes a scheduled Board meeting and the subject it will consider. It records the intent to consider a fund-raising proposal through equity.
• Details such as the number of shares or warrants, the price, the identity of the proposed allottees and the timeline would follow from the decisions taken at and after the meeting.

Key dates mentioned

• Letter date: 7 October 2026.
• Board meeting date: Saturday, 10 October 2026.

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