Pramara Promotions Approves Significant Capital Infusion via Preferential Issue of Shares and Warrants

Pramara Promotions Approves Significant Capital Infusion via Preferential Issue of Shares and Warrants​

Pramara Promotions Limited announced that its Board of Directors held a meeting on April 21, 2026, and approved several proposals related to capital enhancement and fundraising. The board decisions include increasing the company's authorized share capital and planning preferential allotments of equity shares and convertible warrants.

The company's initial authorized share capital was Rs. 15,00,00,000/- (Rupees Fifteen Crore), consisting of 1,50,00,000 equity shares of Rs. 10/- each. The board approved increasing this limit to Rs. 19,20,00,000/- (Rupees Nineteen Crore Twenty Lakh), divided into 1,92,00,000 Equity Shares of Rs. 10/- each, requiring a consequential alteration in the Memorandum of Association.

Details of Preferential Allotment​

Two main preferential issue mechanisms were approved by the board.

Firstly, the company approved the creation, issue, and allotment of up to 13,68,000 Equity Shares. These shares have a face value of Rs. 10 and were offered at a total issue price of Rs. 365 per share, which includes a premium of Rs. 355. The aggregate expected cash consideration from this issue is up to Rs. 49,93,20,000/-.

Secondly, the board approved a preferential issue of up to 34,92,000 convertible warrants. Each warrant has a face value of Rs. 10 and is being issued at a price of Rs. 365. These warrants are structured to be convertible into fully paid-up equity shares of the company within a maximum period of 18 months from the date of allotment. The aggregate expected cash consideration for this issue is up to Rs. 1,27,45,80,000/-.

For the warrant issue, the payment structure mandates an upfront payment of Rs. 91.25 per convertible warrant, representing 25% of the issue price. The remaining 75% (Rs. 273.75) must be paid by the warrant holder(s) upon the exercise of the warrant.

Shareholding Update and Investor Details​

The proposed capital infusion is expected to shift the company's total shareholding structure. Before the preferential issue, the total share count was 1,39,44,168. Following the issue, the total shares are projected to be 1,90,99,168.

A detailed comparison of the shareholding pattern is provided below:


The company plans to allot the equity shares and warrants to a total of 123 identified persons/entities. Key investors proposed to receive equity shares include Kashmira Kedar Kothari, Hitesh C Patel, and Maya Hitesh Patel. Meanwhile, the allotment of convertible warrants is earmarked for 37 identified investors, such as Navinchandra Securities and Heena Ullash Shah.

Shareholders to Approve Proposals​

To implement these plans, Pramara Promotions Limited will convene an Extraordinary General Meeting (EGM) on Thursday, May 21, 2026, at 12:30 PM (IST) to secure the necessary approval from the shareholders of the company.

PRAMARA Stock Price Movement​

On Tuesday, Pramara Promotions Limited shares edged higher, closing at ₹355.8 after gaining 0.71%. The stock settled on solid trading activity, with 121,500 shares transacting during the session.