Euro India Fresh Foods Limited Approves Capital Increase and Major Preferential Allotments
Euro India Fresh Foods Limited has approved several significant capital market transactions following its Board of Directors meeting held on June 19, 2026. The decisions include a planned increase in authorized share capital alongside the intention to issue equity shares and fully convertible warrants via preferential allotment.The company decided to alter its capital structure by increasing the Authorized Share Capital. Previously, the Authorized Share Capital stood at Rs. 25,00,00,000, divided into 2,50,00,000 Equity Shares of Rs. 10/- each. The Board approved raising this authorized capital to Rs. 30,00,00,000, which will be represented by 3,00,00,000 Equity Shares of Rs. 10/- each. These changes are subject to the approval of the company's shareholders.
Preferential Issue and Warrant Details
The Board also approved the issue of equity shares and convertible warrants on a preferential basis to both non-promoter and promoter groups.Up to 21,10,000 Equity Shares were authorized for issuance to members of the non-promoter group. These shares are offered at an issue price of Rs. 245/- per share, which includes a premium of Rs 235/- per equity share. The total aggregated value of this allotment is up to Rs. 51,69,50,000.
In addition, the company greenlit the issuance of up to 19,30,000 fully convertible warrants. These warrants, which are applicable to both promoter and non-promoter groups, have a face value of Rs. 10/- each and were offered at an issue price of Rs. 245/-, including a premium of Rs. 235/. The total aggregated amount for the warrants is up to Rs. 47,28,50,000.
Warrants Conversion Terms
A key feature of the warrant issuance is that the allotted warrants can be exercised in tranches over a period of eighteen months from the date of allotment. Upon the initial issuance of these warrants, an amount equivalent to 25% of the total issue size must be paid upfront by the proposed allottees.The Board meeting was conducted between 04:00 P.M. and 08:00 P.M., and the company has scheduled an Extraordinary General Meeting (EGM) for July 17, 2026, to finalize these transactions.
Transaction Summary
The following table summarizes the financial details of the capital market proposals approved by Euro India Fresh Foods Limited's Board.| Transaction Type | Maximum Securities Offered | Face Value per Unit | Issue Price per Unit | Total Aggregated Amount |
|---|---|---|---|---|
| Equity Shares (Preferential) | 21,10,000 shares | Rs. 10/- | Rs. 245/- | Up to Rs. 51,69,50,000 |
| Convertible Warrants | 19,30,000 warrants | Rs. 10/- | Rs. 245/- | Up to Rs. 47,28,50,000 |
Preferential Allotment Details (Equity Shares)
A significant portion of the non-promoter group was offered equity shares for the preferential issue. The details related to this allotment are summarized below:| Particulars | Detail |
|---|---|
| Total Equity Shares Offered | 21,10,000 |
| Issue Price per Share | Rs. 245/- |
| Number of Proposed Allottees | 82 |
EIFFL Stock Price Movement
Today, shares of Euro India Fresh Foods Limited shed 1.35%, closing at ₹347.24 in post-market trading. The stock’s performance included testing a 52-week high of ₹366, and the company saw 195,241 shares traded during the session.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.
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