Digicontent Limited Increases Authorized Share Capital and Approves Preferential Warrant Issuance

Digicontent Limited Increases Authorized Share Capital and Approves Preferential Warrant Issuance​

The Board of Directors of Digicontent Limited, at a meeting held on July 11, 2026, approved significant corporate actions including an increase in the authorized share capital and the issuance of warrants through a preferential allotment.

The Company's board approved altering the capital clause of its Memorandum of Association (MOA), subject to members’ approval. The authorized share capital was increased from INR 13,00,00,000 (Indian Rupees Thirteen Crores) divided into 6,50,00,000 equity shares of INR 2 each, to INR 20,00,00,000 (Indian Rupees Twenty Crores) divided into 10,00,00,000 equity shares of INR 2 each.

Preferential Issue of Warrants​

Additionally, the Board approved the issuance of warrants through a preferential allotment process. The Company authorized the issue of a total of 1,40,85,571 warrants to various proposed allottees. Each warrant grants the holder the right to subscribe to one fully paid-up equity share of the Company with a face value of INR 2 (Indian Rupees Two only).

The issuance was undertaken for an aggregate cash consideration up to INR 37,19,99,930.11 (Indian Rupees Thirty Seven Crores Nineteen Lakhs Ninety Nine Thousand Nine Hundred Thirty and Eleven Paise Only) at an issue price of INR 26.41 (Indian Rupees Twenty Six and Forty One Paise only).

The allotment was directed towards six proposed allottees:

Corporate Meeting Approved​

The Board also approved the convening of an extra-ordinary general meeting (EGM) to seek member approval for both the capital restructuring and the warrant issuance. The EGM is scheduled for Friday, August 7, 2026.

DGCONTENT Stock Price Movement​

Shares of Digicontent Limited slipped by 0.35% on Friday to close at ₹26.04. The stock traded that day on a volume of 17,597 shares.