Agarwal Toughened Glass India Limited Approves Fundraising and Schedules EOGM
On April 6, 2026, the Board of Directors of Agarwal Toughened Glass India Limited, formerly known as Agarwal Toughened Glass India Private Limited, held a meeting and approved several key corporate actions, including plans to raise funds through the issuance of equity shares and convertible warrants.The Board meeting approved the raising of funds via two primary mechanisms. Firstly, the company approved the preferential allotment of up to 17,46,000 Equity Shares with a Face Value of ₹ 10 each. These shares are proposed for allotment to the Promoter/Promoter Group and certain identified non-promoter persons or entities at an issue price of ₹ 109 each.
Secondly, the company approved up to 46,80,000 Convertible Warrants to be allotted on a preferential basis to the Promoter/Promoter Group and identified non-promoter persons/entities, also at an issue price of ₹ 109 each. These allotments are subject to the approval of the shareholders and the Stock Exchange.
The approval for the allotment of securities carries specific financial details and terms outlined in the appended table.
| Security Type | Maximum Quantity | Face Value | Issue Price | Allotment Basis |
|---|---|---|---|---|
| Equity Shares | upto 17,46,000 | ₹ 10 | ₹ 109 | Preferential Allotment |
| Convertible Warrants | upto 46,80,000 | N/A | ₹ 109 | Preferential Allotment |
The Warrants are subject to payment terms where an amount equivalent to 25% of the warrant issue price ('Warrant Subscription Price') is payable at allotment, and the balance 75% ('Warrant Exercise Price') is payable upon the allotment of equity shares through exercise of the option. The warrants are exercisable in one or more tranches within 18 months from the date of allotment upon written notice to the Company.
In addition to the fundraising plans, the Board approved the draft notice for an Extra Ordinary General Meeting (EOGM) and confirmed the details for the meeting. The EOGM is scheduled to take place on Wednesday, May 6, 2026, at 03:00 pm IST via Video Conferencing or other Audio Visual means.
The meeting commenced at 02:00 pm and concluded at 10:20 pm.
The details regarding the proposed allotment of securities also provided data on the investors involved in the allotment, which includes Promoter and Non-Promoter categories.
| Sr. No. | Name of Proposed Allottee | Category |
|---|---|---|
| 1 | Mahesh Kumar Agarwal | Promoter |
| 2 | Sharda Agarwal | Promoter |
| 3 | Sharda Devi Agarwal | Promoter Group |
| 4 | Palak Agarwal | Promoter Group |
| 5 | Stork Commercial Private Limited | Non-Promoter |
| 6 | Amit R Agarwal | Non-Promoter |
| 7 | Amit Agarwal HUF | Non-Promoter |
| 8 | Shruti Agarwal | Non-Promoter |
| 9 | Satvat Agro LLP | Non-Promoter |
| 10 | Eklingji Tradelink Private Limited | Non-Promoter |
| 11 | Ashwinkumar Danabhai Chauhan | Non-Promoter |
| 12 | MNTrading | Non-Promoter |
| 13 | Kashmira Ajay Patel | Non-Promoter |
| 14 | Tulsi Vivekkumar Patel | Non-Promoter |
| 15 | Roma Ratankumar Chanda | Non-Promoter |
| 16 | Nivedita | Non-Promoter |
| 17 | Rakesh Kumar Rathi | Non-Promoter |
| 18 | SKS Capital | Non-Promoter |
| 19 | Noida Holding Private Limited | Non-Promoter |
| 20 | Madhusudan NSarda | Non-Promoter |
| 21 | Chandani Sangani | Non-Promoter |
| 22 | Kamalkumar Natavarlal Sangani | Non-Promoter |
| 23 | Gopi Sangani | Non-Promoter |
For Agarwal Toughened Glass India Limited, Anita Agarwal, Managing Director, conducted the proceedings.
AGARWALTUF Stock Price Movement
At the close of trade on Monday, shares of Agarwal Toughened Glass India Limited are surging by 15.26% to trade at ₹95.9. The stock displayed a wide intraday swing, managing to hold itself between ₹86 and ₹96.Source:
Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
The information provided is for general informational purposes only and does not constitute investment advice, a recommendation, or an offer to buy or sell any securities. Readers are advised to rely on their own assessment and judgment and consult appropriate financial advisers, if required, before taking any investment-related decisions.