SSSwaraj Suiting544861EGM

EGM transacts preferential issue of up to 35 lakh equity shares and 17 lakh convertible warrants

EGM held on Saturday, 24 October 2026 through video conferencing, from 1:00 p.m. to 1:51 p.m. IST.

By ScoutQuest · Sat 24 Oct 2026, 6:06 PM IST · 2 min read

EGM Date

EGM held on Saturday, 24 October 2026, 1:00 p.m. to 1:51 p.m. IST

Preferential Equity Issue

Up to 35 lakh equity shares of face value Rs.10/- each at Rs.335/- per share (premium of Rs.325/-)

Convertible Warrants

Up to 17 lakh convertible warrants at Rs.335/- each (premium of Rs.325/-), each entitling one equity share

What the meeting was

Swaraj Suiting held an Extra-Ordinary General Meeting on Saturday, 24 October 2026 through video conferencing and other audio-visual means. The meeting commenced at 1:00 p.m. IST and concluded at 1:51 p.m. IST. Mr. Mohammed Sabir Khan, Chairman and Managing Director, chaired the meeting, and the Company Secretary confirmed that the requisite quorum was present.

The business transacted

With the permission of the Chairman, the Company Secretary took up the two Special Businesses set out in the Notice, read with the Corrigendum:

• Issuance of up to 35 lakh equity shares of face value of Rs.10/- each, at an issue price of Rs.335/- per equity share, including a premium of Rs.325/- per share, on a preferential basis to identified persons belonging to the Non-Promoter category.
• Issuance of up to 17 lakh convertible warrants, each warrant carrying an entitlement to subscribe to one equity share of face value of Rs.10/- each, at an issue price of Rs.335/- per warrant, including a premium of Rs.325/- per share, on a preferential basis to identified persons belonging to the Non-Promoter category.

The pricing in plain terms

Both instruments are priced at Rs.335/- each against a face value of Rs.10/-, which means Rs.325/- of that price is premium over face value. The buyers are described in the update as identified persons in the Non-Promoter category, so this is fresh issuance to outside investors rather than to the promoter group. Warrants are not shares at this stage: each one carries an entitlement to subscribe to one equity share, so the share count rises only when that entitlement is exercised.

Voting and the next step

Remote e-voting was available to members on the resolutions, and voting through the electronic voting system was also made available to members who attended the meeting and had not already voted remotely. The Chairman noted that the e-voting facility remained open until thirty (30) minutes after the conclusion of the meeting. The Company stated that it will separately intimate the voting results, covering both remote e-voting and voting at the meeting, to the stock exchanges, and will upload them on its website and on National Securities and Depository Limited, the agency that provided the e-voting facility.

Points a retail investor may want to track

• A preferential issue of new equity shares increases the number of shares in issue once allotted, which can change each existing shareholder's proportionate stake.
• The warrants are a second, separate instrument and are also priced at Rs.335/- each, with the share emerging only on subscription.
• This gist of proceedings is not the minutes of the meeting, as the update itself notes.
• The allottees are described by category (Non-Promoter identified persons); the outcome of the member vote is the item still to be published.

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