Cosmic CRF Ltd Board Approves Equity Issuance, SME Migration, and Borrowing Limit Increase
Cosmic CRF Limited announced several key resolutions approved by its Board of Directors during a meeting held on August 3, 2026. The approvals include plans for a preferential issuance of equity shares, the migration of the company from the SME Platform to the Main Boards of BSE and NSE, as well as increases in the company's borrowing capacities.The Board meeting addressed multiple strategic areas for Cosmic CRF Limited. The company approved the issuance of up to 7,25,041 Equity Shares on a Preferential basis. This issuance is intended for persons and entities from the Promoter & Promoter's Group and Public category. These shares will be issued for consideration other than cash towards the acquisition of 30,71,025 (26%) fully paid-up Equity Shares of M/s N. S. Engineering Projects Pvt. Ltd. The Share Swap is aimed at making N. S. Engineering Projects Pvt. Ltd. a Wholly Owned Subsidiary.
Another key approval involved the migration of Cosmic CRF Limited's equity shares from the SME Platform of BSE Limited to the Main Board of BSE Limited and the National Stock Exchange of India Limited (NSE). This transition, alongside other necessary approvals required by both Exchanges, remains subject to member approval at an ensuing Extra Ordinary General Meeting (EOGM).
The company also approved increasing its borrowing limits. The existing limit under Section 180(1)(c) of the Companies Act, 2013, was increased from 2200 Crores (Rupees Two Hundred Crores Only) to 1,000 Crores (Rupees One Thousand Crores Only). Additionally, the Board approved giving loans, providing guarantees, and making investments up to Rs. 1,000 crore which exceeds prescribed limits under Section 186 of the Companies Act, 2013, all pending member approval at the EOGM.
Details of Preferential Allotment
The details concerning the proposed issue of capital provide clarity on the equity transaction. The company approved the issuance of 7,25,041 Equity Shares, each with a face value of Rs. 10/- and for consideration other than cash.The following table summarizes the pre-issue holdings and post allotment shareholding of the respective allottees:
| Allottee Name | Category of Investor | Pre-issue Holding No. shares | Post allotment Shareholding | Percentage of Holdings (Post) |
|---|---|---|---|---|
| Mr. Aditya Vikram Birla | Promoter | 32,69,300 | 32,69,324 | 32.92% |
| M/S AVB Endeavors Private Limited | Promoter Group | 17,300 | 17,324 | 0.17% |
| Mrs. Purvi Birla | Promoter Group | 7,56,300 | 7,56,324 | 7.762% |
| MJs Prilika Enterprises Private Limited | Promoter Group | 0 | 932,924 | 939% |
| M/s. AVB Entech Private Limited | Promoter Group | 1,00,000 | 1,00,024 | 1.01% |
| Aditya Vikram Birla (HUF) | Promoter Group | - | 60,796 | 0.61% |
| Invicta Continuum Fund I | Public | 60,796 | 60,796 | 0.61% |
| Total | 50,76,800 | 58,01,841 | 58.42% |
The Issue Price for the Equity Shares was determined at Rs. 1,330.00 (Rupees Thirteen Hundred and Thirty Only) per equity share, based on a valuation report dated August 3, 2026.
Extra Ordinary General Meeting Scheduled
To cover all these matters—the preferential issuance to Promoter & Promoter's Group and Public categories, the SME platform migration, the increase in borrowing limits, and the associated loan/guarantee approvals—a Special resolution was proposed for an Extra Ordinary General Meeting (EOGM).The EOGM is scheduled for Wednesday, September 2, 2026, at 3.00 P.M. (IST) and will be held via two-way Video Conference or Other Audio-Video Means. The Cut-Off date for determining the shareholder eligible to vote on these resolutions is August 26, 2026.
The meeting commenced at 3.00 P.M. (IST) and concluded at 4.00 P.M. (IST).
Stock Price Movement
Cosmic CRF Ltd closed on a strong note today, settling at ₹1457.00 after ticking up 1.96% on Monday.Shares moved within a dynamic intraday range, finding a low of ₹1432.00 but touching a high of ₹1500.50.
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