Board meeting on 16 October 2026 to consider withdrawal of earlier warrant issue and a fresh preferential issue
Board meeting scheduled for Friday, 16 October 2026.
By ScoutQuest · · 2 min read
- Board meeting date
- Friday, 16 October 2026
- Trading window closure
- closed from 13 October 2026 until 48 hours after the meeting
- Earlier warrant issue approvals
- approved by the Board on 8 August 2026 and by Members on 4 September 2026
What this update is
This is a prior intimation that a meeting of the Board of Directors of Leo Dryfruits & Spices Trading Ltd is scheduled to be held on Friday, 16 October 2026. It is an advance notice of what the Board will consider, not a decision that has already been taken.
What the Board will consider
- The discontinuance of the process relating to, and the withdrawal and supersession of, the earlier proposal for a preferential issue of share warrants. That earlier proposal was approved by the Board of Directors on August 8, 2026 and by the Members on September 4, 2026.
- A fresh proposal for raising funds by way of a preferential issue of share warrants, convertible into equity shares of the Company, on such terms and conditions as may be determined by the Board of Directors, subject to applicable laws and requisite approvals.
- The draft Notice of an Extra-Ordinary General Meeting to seek the approval of the Members for the proposed fresh preferential issue. This includes fixing the date, the cut-off date and the e-voting schedule, and the appointment of the Scrutinizer.
- Any other matter with the permission of the Chair.
Reading it simply
A preferential issue is a way of raising money by issuing shares or instruments to specific investors rather than to the public. A share warrant is an instrument that can later be converted into equity shares. So the Board is proposing to replace an earlier fund-raising plan with a fresh one, and to call a shareholder meeting to get approval for the fresh plan. The terms of the fresh issue, including its conditions, are to be determined by the Board.
Trading window
The trading window for dealing in the securities of the Company shall remain closed from October 13, 2026 until 48 hours after the conclusion of the said Board Meeting, in accordance with the Company's Code of Conduct for Prevention of Insider Trading and the SEBI (Prohibition of Insider Trading) Regulations, 2015.
What happens next
The outcome of the Board Meeting shall be intimated to the Stock Exchange in accordance with the applicable provisions of the Listing Regulations. This intimation is also being made available on the website of the Company. The signed letter is dated October 13, 2026 and is signed by Kaushik Sobhagchand Shah, Chairman and Managing Director.
Also from Leo Dryfruits & Spices Trading
EGM on Nov 14 to vote on issue of 70,00,000 fully convertible warrants at ₹60 each, totalling ₹42 crore
22 Oct 2026
Signs brand endorsement MOU with actor Sonu Sood
21 Oct 2026
Board approves fresh ₹42 crore warrant issue, discontinues earlier ₹55-per-warrant proposal
16 Oct 2026
More numbers
- Trading window closure period after Board Meeting48 hours
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