Shera Energy Limited Approves Capital Increase and Preferential Issuance of Warrants

Shera Energy Limited Approves Capital Increase and Preferential Issuance of Warrants​

Shera Energy Limited announced several major corporate approvals following its Board of Directors meeting held on April 17, 2026. The Board approved enhancing the Company’s authorized share capital and sanctioning the issuance of up to 45,00,000 fully convertible warrants.

The Board meeting commenced on April 17, 2026, and concluded with key decisions concerning the Company’s capital structure, governance, and financial payments. These resolutions are subject to the requisite approval of the shareholders.

Capital Structure Enhancements​

The Directors approved the increase in the Authorized Share Capital of Shera Energy Limited. The capital will be enhanced from Rs. 25,50,00,000, representing 2,55,00,000 equity shares of Rs. 10 each, to Rs. 30,50,00,000, which corresponds to 3,05,00,000 equity shares of Rs. 10 each. This resolution mandates a consequent alteration to Clause V of the Company’s Memorandum of Association.

Additionally, the Board approved the issuance of up to 45,00,000 fully convertible warrants to the Promoter/Promoter Group and Non-Promoter investors on a preferential basis. Each warrant has a face value of ₹10, and the issuance price is set at ₹118 per warrant. This includes a premium of ₹108 per warrant.

The warrants are convertible into an equivalent number of equity shares within a period of eighteen months from the date of allotment. Payments are structured such that an amount equivalent to at least 25% of the issue price is paid at the time of allotment, with the remaining 75% payable at the time of exercise or conversion.

Allotment Details​

The total warrants are allocated to four entities, as detailed below:

Governance and Remuneration Approvals​

Beyond the capital action, the Board made several approvals regarding corporate governance and payments. These included:

• Scrutinizer Appointment: Appointment of Mr. Sanjay Kumar Joshi, Proprietor of M/s S.K. Joshi & Associates, Practicing Company Secretaries, to act as Scrutinizer for the e-voting process during the upcoming Extraordinary General Meeting (EOGM).
• Director Remuneration: Approval for an increase in the remuneration payable to Shivani Sheikh, Whole-Time Director.
• Royalty Approval: Approval for the payment of royalty to Sheikh Naseem for the usage of the trademark, brand name, and other intellectual property rights.

Extraordinary General Meeting Scheduled​

To seek shareholder approval for these matters, the Company will convene an Extraordinary General Meeting on Friday, May 15, 2026, at 03:00 P.M. The meeting will be conducted through Video Conferencing or Other Audio Visual Means.

Shareholding Structure After Proposed Allotment​

The proposed allotment significantly changes the Company’s shareholding pattern. The total shareholding is projected to increase to 2,89,39,347 shares post-issue, with the following breakdown:

SHERA Stock Price Movement​

As of 3:27 PM, shares of Shera Energy Limited are shedding 0.38% in live trading, dropping to ₹131.5. The equity has seen 11,000 shares change hands today, representing intraday movement.

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