Pakka Limited Board Approves Preferential Issue of Equity Shares and Warrants
On April 7, 2026, the Board of Directors of Pakka Limited considered and approved plans for a preferential issue of securities. The decisions were made following a meeting held that day.The Board approved two main preferential allotments:
First, the company approved the preferential issue of up to 27,20,000 Fully Paid-up Equity Shares. These shares have a face value of Rs.10 per share and an issue price of Rs.110, which includes a Security Premium of Rs.100. The aggregate value of this issue is up to Rs.29,92,00,000. These shares are slated for Non-Promoter, Public persons listed in Annexure-A, subject to shareholder approval.
Second, the Board also approved the preferential issue of up to 90,90,000 Fully Convertible Warrants. These warrants are convertible at the option of the warrant holder(s) into an equivalent number of fully paid-up Equity Shares. The face value of the shares is Rs.10, and the issue price for the warrants is Rs.110, including a Security Premium of Rs.100. The aggregate value for this allotment is up to Rs.99,99,00,000. These warrants are proposed for Yash Agro Products Limited, mentioned in Annexure-B, and are subject to shareholder approval.
The preferential issue of the equity shares is undertaken in accordance with the provisions of Sections 42 and 62(1)(c) of the Companies Act, 2013, read with the Companies (Prospectus and Allotment of Securities) Rules, 2014 and Companies (Share Capital and Debentures) Rules, 2014, and Chapter V of the SEBI (ICDR) Regulations, 2018.
Details of Proposed Allottees
The details regarding the proposed allottees for the equity shares and warrants are presented below:Non-Promoter, Public Allottees (Equity Shares):
| Sr. No. | Client Name | PAN | No. of Equity Shares up to |
|---|---|---|---|
| 1 | Neo Special Credit Opportunities Fund* | AADTN9176H | 27,20,000 |
| 2 | Neo Special Credit Opportunities Fund II* | AAETN6795K | 27,20,000 |
| 3 | Neo Special Credit Opportunities Fund II A* | AAFTN1450J | 27,20,000 |
| 4 | Neo Credit Opportunities Fund I* | AAETN6787F | 27,20,000 |
| TOTAL NO. OF EQUITY SHARES | 27,20,000 |
Promoters' Group Allottees (Warrants):
| Sr. No. | Client Name | PAN | No. of Fully Convertible Warrants |
|---|---|---|---|
| 1 | Yash Agro Products Limited | AAACM9315R | 90,90,000 |
| TOTAL NO. OF WARRANTS | 90,90,000 |
Shareholding Details
The pre and post-shareholding details for the proposed allottees are provided in the annexures. For the non-promoter public group concerning the equity shares, the total number of equity shares proposed to be allotted is 27,20,000, with the post-issue shareholding percentage noted at 4.79% for each of the four listed allottees.For the promoters' group concerning the warrants, Yash Agro Products Limited holds 9,68,640 shares pre-shareholding, increasing to 100,58,640 post shareholding, representing 17.72%.
Future Actions
The company also announced plans to convene an Extraordinary General Meeting on May 5, 2026, via video conferencing or other audio-visual means, to seek necessary shareholder approval for the Preferential Issue. Accordingly, the Relevant Date for determining the minimum issue price is set as April 3, 2026, which is 30 days prior to the Extraordinary General Meeting date.The warrants are convertible into fully paid-up equity shares over a period of 18 months from the allotment date.
PAKKA Stock Price Movement
On Tuesday, PAKKA LIMITED shares edged higher to close at ₹91.55, marking a gain of 3.97% from the previous session. The stock settled at this level amid a total traded volume of 259,844 shares.Source:
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