Shivalik Rasayan Limited Board Approves Preferential Issue of Equity Shares and Convertible Warrants
Shivalik Rasayan Limited announced the outcomes of its Board of Directors meeting held on Thursday, July 23, 2026, confirming the approval for two significant capital raises: the preferential allotment of equity shares and the issue of fully convertible warrants.The Company approved the issue and allotment of up to 3,72,000 Equity Shares at an issue price of Rs. 250 per share. The total aggregate amount targeted for this issuance is up to Rs. 9,30,00,000. This preferential offering was directed towards several individuals belonging to the Public category.
The proposed allottees and corresponding allotment details are as follows:
| S. No. | Name of Proposed Allotee | Category | Maximum Number of Equity Shares (up to) |
|---|---|---|---|
| 1. | Harish Pande Jt. Usha Pande | Public | 60,000 |
| 2. | Ashwani Kumar Sharma | Public | 1,32,000 |
| 3. | Usha Pande Jt. Harish Pande | Public | 60,000 |
| 4. | Deepa Pande | Public | 60,000 |
| 5. | Jaideep Mahesh Chandra Dwivedi | Public | 60,000 |
| Total | 3,72,000 |
For the Equity Shares, having a face value of Rs. 5 each, the allotment was set at an issue price of Rs. 250 per share and was intended to be funded by cash.
In addition, the Board approved the issue and allotment of up to 9,48,000 Fully Convertible Warrants (Warrants). These warrants were issued at an issue price of Rs. 250 per warrant, aiming for an aggregate capital amount of up to Rs. 23,70,00,000. The warrants are designated for the Promoter and Public categories and are convertible into an equivalent number of Equity Shares of face value Rs. 5 within a maximum period of 18 months from the allotment date.
The details regarding the Warrants issue and its proposed allottees are provided in the table below:
| S. No. | Name of Proposed Allottee | Category | Maximum Number of Warrants (up to) |
|---|---|---|---|
| 1. | Growel Remedies Limited | Promoter | 4,28,000 |
| 2. | Bishnoi Exports Private Limited | Public | 1,20,000 |
| 3. | Ginnerup Capital ApS | Public | 4,00,000 |
| Total | 9,48,000 |
The Board meeting also approved the constitution of a Preferential Issue Committee to finalize and approve all necessary documents related to both offerings. Furthermore, a notice for an Extra-Ordinary General Meeting (EGM) was issued, scheduled for Thursday, August 20, 2026, to seek shareholder approval for the aforementioned issues and other connected matters.
Mr. Manoj Kumar Jain, Practicing Company Secretary, was also appointed as the Scrutinizer for the remote e-voting process pertaining to the EGM on August 20, 2026. The Board meeting commenced at 4:30 PM and concluded at 5:40 PM.
SHIVALIK Stock Price Movement
Today, Shivalik Rasayan Limited's shares edged higher in the post-market session, gaining 1.10% to settle at ₹245.00 after a period of strong activity. The stock was traded with a volume of 40,998 shares during the closed market reporting window.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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