Fund Raising Committee meets 17 October 2026 to consider allotment of 38,80,000 shares on warrant conversion
Fund Raising Committee meeting on Saturday, 17 October 2026.
By ScoutQuest · · 2 min read
- Shares on warrant conversion
- 38,80,000 equity shares on conversion of warrants
- Issue price
- ₹110 per equity share of face value ₹10
- Total consideration
- ₹42.68 crore; ₹10.67 crore (25%) already paid upfront, balance ₹32.01 crore to come in
What the company informed the exchanges
Pakka Limited has informed the stock exchanges that a meeting of the Fund Raising Committee of its Board of Directors is scheduled for Saturday, 17 October 2026. The committee will consider and approve the allotment of 38,80,000 fully paid-up equity shares on the exercise and conversion of an equivalent number of outstanding fully convertible warrants.
The shares would be allotted to Yash Agro Products Limited, an entity belonging to the Promoter Group, which has sent a request to convert its 38,80,000 outstanding fully convertible warrants.
Price and consideration
- Each warrant entitles its holder to one equity share of face value ₹10 at an issue price of ₹110 per share.
- Total consideration for the proposed conversion of 38,80,000 warrants: ₹42.68 crore.
- Of this, ₹10.67 crore, representing 25% of the issue price, was payable upfront under the warrant terms.
- The allotment is subject to receipt and verification of the balance consideration of ₹32.01 crore from the warrant holder, together with a valid exercise request within the stipulated warrant exercise period.
Background
The proposed allotment is pursuant to the preferential issue approved by the members at the Extraordinary General Meeting held on 5 May 2026 and the terms of the warrants already allotted.
Terms attached to the shares
- If allotted, the equity shares will rank pari passu with the existing fully paid-up equity shares of the Company in all respects and will be subject to the applicable lock-in requirements.
- Listing and trading will be subject to receipt of the requisite stock exchange approvals.
- The outcome of the committee meeting, together with the particulars of any allotment approved, will be disclosed separately within the applicable statutory timelines.
Trading window
The trading window has remained closed from 1 October 2026 for designated persons and their immediate relatives under the Company's Code of Conduct framed under the SEBI (Prohibition of Insider Trading) Regulations, 2015, and will remain closed until 48 hours after disclosure of the financial results.
How this may be read
The conversion, if approved, would bring in the balance ₹32.01 crore from a Promoter Group entity and add 38,80,000 equity shares to the shares in issue. Completion depends on the balance amount being received and confirmed by the committee.
Also from Pakka
Pakka Ltd-$ shareholder sells 0.2869% stake
23 Oct 2026
Allotment of 38.8 lakh equity shares to promoter group entity on conversion of warrants
17 Oct 2026
Fund Raising Committee approves allotment of Tranche 3 NCDs of up to INR 50 Crores on private placement
8 Oct 2026
More numbers
- Equity shares proposed to be allotted38,80,000
- Issue price per share₹110
- Face value per share₹10
- Total consideration for the conversion₹42,68,00,000
- Amount paid upfront₹10,67,00,000
- Upfront share of issue price25%
- Balance consideration payable₹32,01,00,000
- Trading window closure after results48 hours
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