De Neers Tools Limited Approves Issuance of Equity Shares and Warrants, Increases Authorized Capital
De Neers Tools Limited announced significant outcomes from its recent Board Meeting held on August 06, 2026. The board meeting approved several key strategic actions, including the proposal to issue equity shares and warrants, and a mandated increase in the company’s authorized share capital.The proposed equity issuance targets the non-promoter (public) category persons. Under the board's approval, the company has the option to issue up to 16,00,200 Equity Shares of Rs. 10/- each. These shares are set at an issue price of Rs. 196.00 per equity share.
Simultaneously, up to 4,99,800 warrants are proposed, with an exercise price of Rs. 196.00 per underlying equity share. Both the Equity Shares and Warrants are subject to the approval of relevant authorities.
Capital Restructuring Details
The Board also sanctioned a structure for the preferential issue targeting non-promoter public category persons. The issuance details, including the number of securities proposed and their associated prices, are as follows:| Securities Type | Maximum Quantity Proposed | Issue/Exercise Price | Face Value | Premium |
|---|---|---|---|---|
| Equity Shares | Upto 16,00,200 | Rs. 196.00 per share | Rs. 10/- each | Rs. 186.00 per share |
| Warrants | Upto 4,99,800 | Rs. 196.00 per underlying equity share | Rs. 10/- each | Rs. 186.00 per share |
For the warrants, the tenure for conversion into equal numbers of equity shares is eighteen months from the allotment date. The terms dictate that 25% of the total issue price must be paid upfront, with the balance 75% due before exercising the option to convert the warrants.
Expansion of Share Capital
In a move affecting the company's capital structure, the Board approved an increase in the authorized share capital. The existing authorized capital is set at Rs. 31.00 crores (comprising 1,10,00,000 equity shares of Rs. 10/- each and 20,00,000 preference shares of Rs. 100/- each). This will be increased to Rs. 33.00 crores, which corresponds to 1,30,00,000 equity shares of Rs. 10/- each and 20,00,000 preference shares of Rs. 100/- each.General Meeting and Governance
The Board also approved the notice for an Extraordinary General Meeting (EGM), scheduled to be held on Wednesday, September 02, 2026, via Video Conferencing or Other Audio Video Means. The cut-off date for electronic voting regarding this EGM was set for August 26, 2026.The e-voting period is planned from Saturday, August 29, 2026, at 9:00 A.M. (IST) to Tuesday, September 01, 2026, at 5:00 P.M. (IST).
Furthermore, Ms. Ashita Kaul of Ashita Kaul & Associates was appointed as the Scrutinizer for the Extraordinary General Meeting.
Proposed Allottees
The company has identified a list of proposed allottees participating in the equity issuance. The details of the allotments are provided below:| S. No. | Name of the Proposed Allottee | Number of Equity Shares Proposed to be Allotted |
|---|---|---|
| 1 | Sharp Chucks and Machines Limited | |
| 2 | Anam Qadri | 1,53,000 |
| 3 | Defcon Agro LLP | 1,48,200 |
| 4 | Taranbir Singh | 76,800 |
| 5 | Inderjit Kaur | 1,02,000 |
| 6 | Jasmeen Kaur | 51,000 |
| 7 | Sarbjit Singh | 50,400 |
| 8 | Rakshita Goyal | 25,800 |
| 9 | Raghavan Goyal | 25,800 |
| 10 | Lokesh Goyal | 51,000 |
| 11 | Babita Garg | 38,400 |
| 12 | Subhash Chand Garg | 38,400 |
| 13 | Manu Aggarwal | 76,800 |
| 14 | Divyansh Aggarwal | 25,800 |
| 15 | Divya Aggarwal | 25,800 |
| 16 | Patel Yashkumar Satishbhai | 12,600 |
| 17 | Satishkumar Chaturbhai Patel | 25,200 |
| 18 | Patel Dakshaben Satishkumar | 12,600 |
| 19 | Patel Akankshaben Yashkumar | 12,600 |
| 20 | Varun Aggarwal | 30,600 |
| 21 | Sushil Kumar Aggarwal | 30,600 |
| 22 | Neeti Jain | 18,000 |
| 23 | Radhika Jain | 12,600 |
| 24 | Rakesh Jain | 18,000 |
| 25 | Ridhima Goyal | 12,600 |
| 26 | Avnish Gupta HUF | 12,600 |
| 27 | Geetika Gupta | 9,000 |
| 28 | Sambhav Gupta | 9,000 |
| 29 | Neena Gupta | 12,600 |
| 30 | Shehnaz Gupta | 78,000 |
| 31 | Damanjeet Singh Kochar | 51,000 |
| 32 | Neelam Jain | 51,000 |
| 33 | Rohit Sehgal | 51,000 |
| 34 | Sanjay Bhuttan | 48,600 |
| 35 | Khushwant Singh | 25,800 |
| 36 | Vansh Bansal | 25,800 |
| 37 | Ritik Sethi | 15,600 |
| 38 | Anoop Kumar Arramalla | 15,000 |
| 39 | Puneet Bansal & Sons (HUF) | 15,000 |
| 40 | Deep Pal Singh | 15,000 |
| 41 | Soni Gupta | 13,200 |
| 42 | Parina Mehta | 13,200 |
| 43 | Sanjeev Madan | 13,200 |
| 44 | Sandeep Gupta | 13,200 |
| 45 | Khushi Narang | 13,200 |
| 46 | Riya Gupta | 12,600 |
| 47 | Devender Singh | 12,000 |
The total number of equity shares proposed to be allotted is 16,00,200.
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