ROX Hi-Tech Approves Preferential Issue of Equity Shares and Warrants; Confirms Reappointment of Whole-time Director
Rox Hi-Tech Limited announced that its Board of Directors approved several key business decisions, including the issue of equity shares and fully convertible warrants through a preferential allotment process. The company also confirmed the re-appointment of Mr. M M Senthil Kumar as a Whole-time Director for an extended period.The Board meeting, held on July 25, 2026, considered and approved the offering of two types of securities to members of the public category.
Preferential Allotment Details
Equity Shares IssueThe company authorized the issue and allotment of up to 20 lakh Equity Shares with a face value of Rs. 10/- each. These shares were offered at an issue price of Rs. 40.03/- per share, aggregating up to Rs. 8,00,60,000/- for cash.
A total of 13 names/entities were listed among the Proposed Allottees, including Amit R Agarwal and Pradyumna Singhania.
| Sr. No. | Name of the Proposed Allotee | Category | Max Equity Shares to be Issued |
|---|---|---|---|
| 1. | Amit R Agarwal | Public | 6,00,000 |
| 2. | Kamal Dharewa | Public | 1,15,000 |
| 3. | Pradyumna Singhania | Public | 2,00,000 |
| 4. | IH Consultancy Services LLP | Public | 1,15,000 |
| 5. | Chirag Pramod Vora | Public | 64,000 |
| 6. | Manish Mutha | Public | 64,000 |
| 7. | Ray Invest (BO: Amit Kumar Sarda) | Public | 1,35,000 |
| 8. | Pushpa Sarda | Public | 1,35,000 |
| 9. | Devendra Omprakash Kathuria | Public | 54,000 |
| 10. | Shilpa Jalan | Public | 50,000 |
| 11. | Vasanti Gunvant Sheth | Public | 64,000 |
| 12. | Chetna Kankaria | Public | 54,000 |
| 13. | Kinchit Sunilkumar Mehta | Public | 1,00,000 |
| Total | 20,00,000 |
Fully Convertible Warrants Issue
In addition, the company approved the issue of up to 25 lakh Fully Convertible Warrants. These warrants were offered at an issue price of Rs. 40.03/- per warrant, with a total aggregate amount reaching up to Rs. 10,00,75,000/- for cash.
The warrants are convertible into the equivalent number of fully paid-up equity shares of face value Rs. 10 each within 18 months from the allotment date. Five entities were named as Proposed Allottees for the warrants, including Amit R Agarwal and Shruti Agrawal.
| S. No. | Name of the Proposed Allotee | Category | Max Warrants to be Issued |
|---|---|---|---|
| 1. | Amit R Agarwal | Public | 3,00,000 |
| 2. | Amit Agarwal HUF | Public | 9,00,000 |
| 3. | Shruti Agrawal | Public | 9,00,000 |
| 4. | Avora SME Fund 1 | Public | 1,00,000 |
| 5. | Resource Vincom Private Limited | Public | 3,00,000 |
Director Re-appointment and Corporate Governance
The Board also considered and approved the re-appointment of Mr. M M Senthil Kumar as a Whole-time Director for a further term of five years, subject to shareholder approval. The appointment is effective from July 25, 2026, until July 24, 2031.Mr. M M Senthil Kumar was described as a techno-commercial expert with extensive experience in IT system integration. His portfolio includes the strategic design and deployment of intricate IT infrastructure solutions across network security, data centres, collaborative platforms, and industrial IoT.
The Board also constituted a Preferential Issue Committee to finalize all necessary documents related to these transactions. The company also provided notice of an Extra-Ordinary General Meeting (EGM) scheduled for Friday, August 21, 2026, at 03:00 pm IST to seek member approval regarding the proposed Preferential Issue.
ROXHITECH Stock Price Movement
Rox Hi Tech Limited stock gained on Friday, settling at ₹38.75 after shares rose by 1.4%. The movement occurred amidst trading volume of 3,200 shares.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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