Almondz Global Securities Announces Board Approval for Share Issuance and EGM Convening
Almondz Global Securities Limited announced on April 10, 2026, that its Board of Directors considered and approved the issuance of equity shares to a promoter by converting an existing unsecured loan. The company also approved the convening of an Extra-Ordinary General Meeting (EGM) to seek shareholder approval for this matter.The board meeting held on Friday, April 10, 2026, approved the issuance of up to 1,63,18,538 fully paid-up equity shares of the Company. These shares have a face value of Rs.1/- (Rupees One Only) each and are being issued at an issue price of Rs. 15.32/- per equity share, which includes a premium of Rs 14.32 per equity share. The total aggregate value of the issuance is up to Rs. 25,000,000/- (Rupees Twenty Five Crore only).
This issuance involves the conversion of an existing Unsecured Loan into equity shares for the promoter of Avonmore Capital & Management Services Limited. The transaction is structured in accordance with provisions including Section 42 and Section 62 of the Companies Act, 2013, and Chapter V of SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018.
The company also approved scheduling an Extra-Ordinary General Meeting (EGM) for Monday, May 11, 2026, at 11:30 A.M. The meeting is scheduled to take place through Video Conferencing (VC) or Other AudioVisual Means (OAVM) to seek shareholder approval for the aforementioned proposal.
Details of Proposed Share Issuance
The details regarding the proposed issuance are presented in the table below, reflecting the conversion details for the allotment:| Particulars | Details |
|---|---|
| Type of securities proposed to be issued | Equity Shares of Rs. 1/- each arising out of conversion of existing unsecured loan. |
| Type of issuance | Preferential Allotment of Equity Shares, on a private placement basis. |
| Total number of securities proposed to be issued (approximately) | Upto 1,63,18,538 fully paid-up equity shares of the Company, face value of Rs.1/- each, at an issue price of Rs. 15.32/- per equity share, aggregating up to Rs. 25,000,000/-. |
| Names of the investors | M/s Avonmore Capital & Management Services Limited |
| Issue Price | Rs. 15.32/- per Equity Share |
The subscription outcome data shows the following figures for M/s Avonmore Capital & Management Services Limited:
| Metric | Pre-Issue | Post-Issue |
|---|---|---|
| No. of Shares | 8,74,08,454 | 10,37,26,992 |
| %Holding | 50.34% | 52.40% |
The company confirmed that the board meeting commenced at 1:00 PM and concluded at 1:35 PM.
ALMONDZ Stock Price Movement
Shares of Almondz Global Securities Limited are edging higher to ₹14.36 as of 1:44 PM today, gaining 5.59% in live trading. The stock shows strong intraday momentum, processing 88,042 shares during the active market session.Source:
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