Revised board outcome: preferential issue of up to 65 crore shares at Rs.1.66 approved
Revised board-meeting outcome — this replaces the announcement made on 23.10.2026, which the company says had a minor inadvertent error.
By ScoutQuest · · 2 min read
- Issue Size
- up to 65 crore equity shares at Rs.1.66 each, aggregating up to Rs. 107.90 Crore
- Allottees
- 9 proposed allottees, all non-promoters; none held shares before the issue
- Promoter Stake
- from 46.29% to 32.72% after the issue
The company has shared a revised version of its board meeting outcome, replacing the announcement made on 23.10.2026. It says the earlier version carried a minor inadvertent error and that this revised version should be considered for all official purposes.
The main decision — a preferential issue
- The Board considered and approved offering, issuing and allotting up to 65 crore equity shares on a preferential basis, for cash.
- The issue price is Rs.1.66 per share.
- The issue aggregates up to Rs. 107.90 Crore.
- The update states that Rs.1.66 is higher than the minimum price of Rs. 1.655 worked out under the SEBI ICDR Regulations.
- The allotment is subject to shareholder approval and to applicable laws and regulations, including Chapter V of the ICDR Regulations.
Who is subscribing
- The update lists 9 proposed allottees.
- All of them are in the non-promoter (public) category, and the update shows their pre-issue holding as nil.
- The list includes individuals as well as entities such as Al Malaki Foodstuff Trading LLC and Denvor Capital.
What it does to the shareholding
- Promoter & Promoter Group holding is 46.29% before the issue and 32.72% after it.
- The number of promoter shares does not change; the promoter percentage falls because the total number of shares in the company grows with the new allotment.
- After the issue, the total equity shares of the company will stand at 2217718640.
What is lined up next
- Shareholder approval will be sought at an Extra-Ordinary General Meeting on Saturday, 21st November 2026 at 11:00 A.M., to be held through video conferencing.
- The Board approved the draft notice convening the EGM.
- M/s Rajeev Bhambri & Associates has been appointed as scrutiniser for remote e-voting as well as voting at the EGM.
Points a retail investor may want to note
- The issue price is just above the minimum price permitted under the regulations, so the pricing is close to the regulatory floor.
- A preferential issue to non-promoters adds new shares and changes the ownership mix — the promoter stake falls even though promoters are not selling any shares.
- The letter is dated 24.10.2026 and refers to a board meeting held on 19 October 2026, while the subject line refers to the outcome of the meeting held on 23.10.2026.
Also from Sakuma Exports
Board approves preferential issue of up to 65 crore equity shares at Rs. 1.66
23 Oct 2026
Board meeting on 23rd October, 2026 to consider proposal for raising funds
19 Oct 2026
Board Meeting Scheduled for 30 September 2026 Cancelled; Trading Window Reopened
25 Sep 2026
More numbers
- Equity shares proposed to be issued on preferential basis65,00,00,000
- Issue price per equity shareRs.1.66
- Total amount of the preferential issueRs. 107.90 Crore
- Minimum price as per SEBI ICDR RegulationsRs. 1.655
- Number of proposed allottees9 (Nine) Investors
- Promoter & Promoter Group holding pre-issue46.29
- Promoter & Promoter Group holding post-issue32.72
- Total equity shares post preferential issue2217718640
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