Sharika Enterprises Ltd Approves Dual Capital Raising Through Preferential Allotment of Equity Shares and Warrants

Sharika Enterprises Ltd Approves Dual Capital Raising Through Preferential Allotment of Equity Shares and Warrants​

Sharika Enterprises Ltd announced that its Board of Directors approved a multi-pronged capital raising initiative, involving the issue of equity shares and share warrants through preferential allotment. The decisions were ratified during a Board meeting held on June 23, 2026.

The company plans to raise funds by issuing up to 151,49,079 Equity Shares to various Non-Promoter Investors (NP). These shares, which have a face value of Rs. 5/- each, will be issued at an Issue Price of Rs. 14.33 per share. The allotment is projected to generate an aggregate consideration of up to Rs. 21,70,86,305 (Rupees Twenty One Crore Seventy Lakhs Eighty Six Thousand Three Hundred Five Only). The issue carries a premium of Rs. 9.33 per share.

Concurrently, the Board approved the issuance and allotment of up to 38,38,102 Share Warrants to a mix of Promoters (P) and Non-Promoter Investors (NP). These warrants, which convert into one equity share of Rs. 5/- face value, will be sold at an Issue Price of Rs. 14.33 per warrant. The total expected consideration from the sale of these warrants is up to Rs. 5,50,00,000 (Rupees Five Crore Fifty Lakhs Only), with a premium of Rs. 9.33 per warrant.

Corporate Governance and Future Plans​

The Board meeting concluded by setting forth plans for future shareholder approval and governance appointments. The company is scheduling an Extraordinary General Meeting (EGM) to be held on Friday, July 17, 2026, conducted via VC/OAVM. This EGM will seek necessary approvals for both preferential issues.

The "Cut-off Date" for determining the eligibility of members entitled to vote by remote e-voting has been set as Friday, July 10, 2026. Furthermore, M/s Mihen Halani & Associates, Practicing Company Secretaries, have been appointed as the Scrutinizer to ensure the fairness and transparency of the EGM's e-voting process.

Summary of Securities Issuance​

The details pertaining to both issuances are summarized below:

Equity Share Issue Details (Preferential Allotment)

Share Warrant Issue Details (Preferential Allotment)

Investor Allocation Overview​

The proposed allotment involves numerous investors across both the equity and warrant issues. A summary of the allotted securities for the Equity Shares is presented below:

Equity Share Allottees Summary

A detailed list of the 36 institutional and individual Non-Promoter investors proposed for equity shares allotment was provided in Annexure A.

Regarding the Share Warrants, the total allocation includes Promoters (P) and Non-Promoters (NP). The key allocations stand as follows:

Share Warrant Allottees Summary

The allotment details for the warrants, including allocation to promoters such as Rajinder Kaul and Ravinder Bhan, were outlined in Annexure B.

Stock Price Movement​

At the close of trade today, Sharika Enterprises Ltd settled at ₹20.97, after shares ticked up 4.95%. The stock experienced a volatile session, finding a low of ₹18.99 before rallying back to its high of ₹20.97.