SPShree Pushkar Chemicals & Fertilisers539334Board key decisions

Promoter warrants, Rs. 70 crore new chemical plant and higher authorised capital approved

Board meeting on 2nd November, 2026 cleared five items.

By ScoutQuest · Mon 2 Nov 2026, 7:14 PM IST · 2 min read

Capex for new chemical plant

Rs. 70 crores for new chemical plant at Unit-5, Lote Parshuram

Promoter convertible warrants

Up to 8,54,060 fully convertible warrants at Rs. 526.90 each

Authorised share capital

Raised to Rs. 34 crore by creating 5,00,000 more equity shares

The board met on 2nd November, 2026 and approved a plant expansion, a promoter fund infusion and a larger authorised share capital, alongside the September-quarter results.

The expansion

• A new chemical plant at Unit-5, at D-10, MIDC Lote Parshuram, Taluka Khed, Dist. Ratnagiri, Maharashtra.
• Capital expenditure of Rs. 70 crores, to be spent within the parcel of land already available at the site.
• The update states the fund raising below is being done in view of this expansion.

The promoter warrant issue

• Up to 8,54,060 fully convertible warrants, on a preferential basis, to Mr. Punit Gopikishan Makharia, Promoter, Chairman and Managing Director.
• Each warrant entitles the holder to subscribe to one equity share of face value Rs. 10 each.
• Price: Rs. 526.90 per warrant, or a price not lower than the minimum price determined under Chapter V of the SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018.
• Because it is a preferential issue, the shares go to one identified person rather than to the public, and shareholder approval is needed.

Authorised share capital

• Existing: Rs. 33,50,00,000 divided into 3.35 crore equity shares of Rs. 10 each.
• Proposed: Rs. 34 crore divided into 3.4 crore equity shares of Rs. 10 each.
• The increase is by creation of an additional 5 lakh equity shares of Rs. 10 each, with a consequential amendment to the Memorandum of Association.

Authorised capital is the ceiling up to which a company may issue shares; it is not the same as shares actually issued. Raising it creates headroom for issuing shares later, including on conversion of warrants.

Extra-ordinary General Meeting

• To be held on Wednesday, 2nd December, 2026 at 3:00 p.m. Indian Standard Time, through video conferencing or other audio-visual means.
• Cut-off date for remote e-voting is Wednesday, 25th November, 2026.
• Mr. Sanam Umbargikar, Partner of M/s DSM & Associates, is appointed scrutinizer for remote e-voting and e-voting at the meeting.

Results also approved

• Unaudited standalone and consolidated financial results for the second quarter and half year ended 30th September, 2026.
• The statutory auditors carried out a limited review and issued an unmodified report on the results.

What a retail investor may want to weigh

• The warrant issue brings money from the promoter, and the same update links it to the new plant spending.
• Warrants convert into equity shares when the holder pays and exercises them; that adds to the total number of shares in circulation, so an existing holder's percentage of the company can change.
• The new plant comes up at the company's existing Lote Parshuram location, which the update describes as within the available parcel of land there.
• The shareholder vote at the 2nd December, 2026 meeting is the next decision point on the warrant issue and the capital increase.

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.

About ScoutQuest · Logos provided by Logo.dev