SMSharvaya Metals544506EGM notice

EGM on Nov 6, 2026: Vote on authorised capital increase, 21,00,000-share swap issue and 8,11,000 warrants

EGM on Friday, November 06, 2026 at 11:00 AM via video conferencing.

By ScoutQuest · Thu 15 Oct 2026, 2:07 PM IST · 2 min read

Authorised Share Capital Increase

INR 11,10,00,000 to INR 15,00,00,000

Preferential Issue - Equity Shares

21,00,000 equity shares at INR 144 each, totalling INR 30,24,00,000

Preferential Issue - Convertible Warrants

8,11,000 convertible warrants at INR 144 each, totalling INR 11,67,84,000

Sharvaya Metals has called an Extraordinary General Meeting, to be held on Friday, November 06, 2026 at 11:00 AM through video conferencing and other audio-visual means. The notice places items of special business before members.

Increasing the authorised share capital

• Item 1 seeks approval to increase the authorised share capital from INR 11,10,00,000 to INR 15,00,00,000, along with a consequential alteration to the capital clause of the Memorandum of Association.
• This is an ordinary resolution.

The share swap for Success Electronics

• Item 2 covers a preferential issue of up to 21,00,000 fully paid-up equity shares at an issue price of INR 144 each, aggregating to INR 30,24,00,000.
• The shares are to be issued for consideration other than cash, on a share swap basis, to sellers belonging to the promoter category of the company.
• The swap is linked to the acquisition of the entire paid-up share capital of Success Electronics Private Limited, under a Share Purchase And Swap Agreement dated October 14, 2026.
• This is a special resolution.
• The Relevant Date for determining the floor price is stated as Wednesday, October 7, 2026.

The convertible warrants

• Item 3 covers a preferential issue of up to 8,11,000 fully convertible warrants at an issue price of INR 144/- each, aggregating to INR 11,67,84,000/-, for cash.
• Each warrant carries a right to subscribe to an equity share of the company.
• Part of the consideration is payable at the time of subscription and allotment of the warrants, and the balance at the time of exercise and allotment of the shares; the amount already paid is adjusted against the issue price of the resulting equity shares.
• Warrants that are not exercised within the exercise period lapse, and the amount paid upfront stands forfeited.
• The proposed warrant allottees include promoter and promoter group individuals, and a public individual.
• This is a special resolution.

Terms attached to the proposed issues

• The new equity shares will be fully paid-up and rank pari passu with the existing equity shares, including dividend and voting rights.
• Allotment is proposed in dematerialised form within the timelines set out, subject to receipt of approvals including in-principle approval from BSE Limited, and the shares are proposed to be listed on the stock exchange where the company's equity shares are listed.
• The shares issued and the shares arising on conversion of the warrants will be subject to lock-in as specified under the SEBI (ICDR) Regulations, 2018.
• Until conversion, the warrants do not carry the rights of a shareholder.
• The board is authorised to vary the terms, settle questions and make the necessary updates without further member approval.

What this means for the share capital

• The preferential issue and the warrants, once allotted and converted, would add new equity shares to the capital base; members are being asked to authorise the issues now.

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.

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