Shivalik Rasayan Approves Issue of Equity Shares and Warrants in Board Meeting
Shivalik Rasayan Limited announced that its Board of Directors, at a meeting held on Thursday, July 23, 2026, approved the issuance and allotment of both Equity Shares and Fully Convertible Warrants through a preferential basis. The decision involves raising capital through two distinct instruments: up to 372,000 Equity Shares and up to 9,48,000 Fully Convertible Warrants.The company has authorized the issue and allotment of equity shares amounting to a total of up to Rs 9,30,00,000/- (Nine Crore Thirty Lakh Only). These Equity Shares, which have a face value of Rs 5/- each, are being issued at an issue price of Rs 250/- per Equity Share.
The proposed allottees for the equity shares include several entities belonging to the Public category, with the allocation details as follows:
| Name of the Proposed Allotees | Category | Number of Equity Shares (up to) |
|---|---|---|
| Harish Pande Jt. Usha Pande | Public | 60,000 |
| Ashwani Kumar Sharma | Public | 1,32,000 |
| Usha Pande Jt. Harish Pande | Public | 60,000 |
| Deepa Pande | Public | 60,000 |
| Jaideep Mahesh Chandra Dwivedi | Public | 60,000 |
Concurrently, the Board approved the issue and allotment of up to 9,48,000 Fully Convertible Warrants. These warrants have an issue price of Rs 250/- per Warrant and are intended for a total cash consideration up to Rs 23,70,00,000/- (Twenty Three Crore Seventy Lakh Only).
The Warrants are designated to be held by entities from the Promoter & Public categories. They are convertible into an equivalent number of Equity Shares of face value Rs 5/- within a maximum period of 18 months from their allotment date.
Key investors involved in the Warrant allocation include:
| Name of the Proposed Allottees | Category | Number of Warrants (up to) |
|---|---|---|
| Growel Remedies Limited | Promoter | 4,28,000 |
| Bishnoi Exports Private Limited | Public | 1,20,000 |
| Ginnerup Capital ApS | Public | 4,00,000 |
The Board meeting also determined several future steps related to these capital transactions. A Preferential Issue Committee is to be constituted to finalize and approve all necessary documents for the issuance. Furthermore, notice has been issued for an Extra-Ordinary General Meeting (EGM) scheduled for Thursday, August 20, 2026, where shareholders will seek approval for the aforementioned issues and connected matters.
In preparation for the EGM, Mr Manoj Kumar Jain, a Practicing Company Secretary, was appointed as the Scrutinizer for the remote e-voting process to be conducted on August 20, 2026.
SHIVALIK Stock Price Movement
Shivalik Rasayan Limited shares today edged higher, settling at ₹241.68 after gaining 1.10% in post-market trading. The equity traded within a daily range of ₹235.83 to ₹248 on the day.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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